Houthi strikes on Saudi oil infrastructure threaten supply as Brent hits $108

Houthi attacks on Saudi oil infrastructure are escalating, threatening production capacity and pushing Brent crude to $108 with a widening Brent-WTI spread. Concurrently, Asian LNG prices (JKM) have surged above $30/MMBtu, the highest since December 2022, due to tanker attacks in the Middle East and a worsening European winter outlook. The situation is developing, with supply risks concentrated in the Gulf and implications for global energy prices.