UAE’s Murban crude has climbed above $120 per barrel as renewed concerns over Middle East supply disruptions push regional oil prices higher.

Murban, the benchmark crude produced by Abu Dhabi National Oil Company, was trading at around $121.43 per barrel, up 7.35 percent.

The latest jump comes amid continued uncertainty surrounding the Strait of Hormuz and the potential impact of wider regional disruptions on Gulf oil supplies. Gulf News reported earlier that Murban had risen 3.4 percent to $116.90 in Asian trading, with tighter Gulf supplies and higher freight costs adding to the pressure.

November 2026 Murban contracts had previously reached as high as $128.64, according to OilPrice.com.

International oil benchmarks have also gained. Reuters reported Brent crude futures at $105.47 per barrel and West Texas Intermediate at $92.82 as markets remained focused on possible supply disruptions in the Middle East.

The increase comes even as some Gulf oil flows show signs of recovery. Saudi Arabia has restarted crude loadings at the Red Sea port of Yanbu following the resumption of its East West Pipeline.

According to Reuters, Middle East crude exports are also nearing 80 percent of their pre-conflict levels, indicating that some supply disruptions are easing despite continued uncertainty in the region.