Brent crude surges past $105 on Middle East tensions and shipping attacks

International crude oil prices extended gains on October 12, with Brent crude climbing to $105.48 per barrel amid escalating regional tensions and disruptions to maritime shipping routes. The surge reflected growing investor concerns over potential supply disruptions stemming from Middle East conflicts and attacks targeting oil tankers in critical shipping lanes.

The price movement underscores the vulnerability of global energy markets to geopolitical shocks, particularly in regions critical to world oil supply. Attacks on commercial vessels have raised alarm among traders and energy analysts, who warn of potential bottlenecks in crude shipments from major producing regions.

Market observers noted that the combination of military tensions and maritime security threats has created a risk premium for oil contracts. Energy traders have grown increasingly cautious, with many factoring in the possibility of further supply disruptions in coming weeks.

For major crude importers in Asia, including Thailand, higher oil prices translate to increased pressure on fuel costs and transportation expenses. The regional economic impact depends largely on the duration and scope of any Middle East-related disruptions, with prolonged tensions potentially affecting broader commodity and energy markets across South and Southeast Asia.