Houthi attacks on Saudi targets push Brent toward $114, stoking Hormuz supply fears
Published 2 d ago8 sourcesEvidence: Reported
European gas prices surged above 93 euros/MWh, the highest since late 2022, driven by Houthi attacks on Saudi Arabia and the start of the heating season. Reserves are at their lowest in years, amplifying supply concerns. The escalation in Red Sea/Gulf attacks adds a geopolitical risk premium to energy markets.
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