Brent crude hits over $114

Brent crude oil prices rose by 3.3% to reach $112.48 per barrel, marking the first time since May that this level has been surpassed. However, prices then fell to $105.40, a decrease of 1.2%. This came amidst escalating violations in the Gaza Strip, where Israeli actions resulted in the death of 7 martyrs and injuries to others, along with house demolitions, amidst deteriorating security conditions and ongoing tensions in the region.