Purpose: this study explores the impact of terrorism on daily Brent crude oil returns and volatility. From mid-1987 till end of 2013, we examine how successful terrorist attacks with high and low intensity and carried out in the most oil-dependent Middle Eastern and African countries affect Brent dynamics. We also investigate the degree to which attacks against oil businesses and facilities play a role in altering Brent returns and affecting their fluctuations. Design/methodology/approach: we gathered from the Global Terrorism Database (GTD) all the daily terrorist attacks performed against ...