BBCNEWS BBC News July 14, 2024
Oil prices have soared at the opening of the markets in asia following saturdays drone attacks on two Key Facilities in saudi arabia. The cost of brent crude rose by the most on record, after half the kingdoms output was taken out that accounts for roughly 5 of the worlds oil supply. Iran has dismissed us allegations that it was behind the strikes and accused washington of being deceitful. Our Asia Business correspondent Karishma Vaswani is in singapore. As you can see from the screens, the cost of crude oil is up about 10 for light crude and 11. 3 for brent crude. There was a surge of oil pri...