Iran attacks Gulf energy sites as oil prices fluctuate

Reports say Iran struck energy facilities in the Gulf, and Brent crude briefly rose toward $119 before retreating to about $108 a barrel.

Iran is reported to have struck oil and gas facilities in the Gulf following an earlier Israeli strike on a key Iranian natural gas field. Markets responded with volatile trading in oil and regional equity moves. Brent crude briefly climbed near $119 a barrel before falling back, while U.S. futures were slightly higher. Asian shares were mostly lower amid the market reaction. Key developments: - Iran was reported to carry out strikes on oil and gas facilities around the Gulf after an Israeli attack on Iran's natural gas field. - Brent crude briefly surged to about $119 per barrel and then fell; early trading showed Brent near $108.19 a barrel and U.S. benchmark crude reported down around $94.40. - Israeli Prime Minister Benjamin Netanyahu was reported to say he would hold off on further attacks on the gas field at Trump's request; further steps were not detailed. Summary: Reported strikes have moved oil markets and influenced trading in Asia and U.S. futures. Israeli leadership was reported to pause further strikes at a U.S. request. Undetermined at this time.