Brent crude prices in Europe are currently trading at $125.5 per barrel, according to U.S. Department of Energy data. In Asia, Brent prices have exceeded $150, Yonhap and Nikkei reported. Global oil conditions remain critical, with pressure on the entire energy supply chain expected to intensify until the full reopening of the Strait of Hormuz and the restoration of trust, the CEO of Aramco said.