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7.7

Brent Set for Weekly Gain as Houthi Attacks Rattle Saudi Oil Supply

Brent crude is on track for a weekly gain, trading at $105.65, up from ~$102 on Monday, driven by persistent concerns over Middle East supply security despite reports of a potential US-Iran deal and stable Hormuz flows. WTI dipped to $93.11, showing a divergence. The market is pricing a sustained risk premium from Houthi attacks on Saudi infrastructure, with uncertainty over the durability of the Iran deal.

OilPrice.comabout 7 hours agoSA, US, IR, YEengCredibility 51%View source

Score Breakdown

Mosaic Score7.7
Confidence0.5
Significance0.8
Source credibility0.5

Intelligence Tags

#crude oil#brent#houthi#saudi arabia#supply risk#middle east

Locations

Strait of Hormuz

Entities

countrycountrycountrymarketmarketregionregion
Source

Related signals

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