Houthi attacks on Saudi targets push Brent toward $114, stoking Hormuz supply fears
Published 14 h ago8 sourcesEvidence: Reported
Brent crude rose 1.36% to $114.71, touching $115 for the first time since May, while WTI gained 1.64% to $101.10. The surge follows a series of Houthi attacks on Saudi targets, including a port, oil field, and civilian airport, heightening fears of supply disruptions via the Strait of Hormuz. The market is pricing in a risk premium, but the actual impact on flows remains uncertain.
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