Brent crude surges past 119 as UAE blames Iranian drone attack on oil facility

A single strike claim is rattling global supply forecasts

Brent crude jumped above $119 a barrel after the UAE said a suspected Iranian drone attack hit an oil facility. Traders are increasingly focused on potential disruptions to key Middle East supply routes, pushing prices higher and adding volatility to global markets. Analysts warn uncertainty could persist, with further gains possible if tensions escalate.