Economy

Brent crude holds near five-month high amid Middle East tensions

Hindustan Times1h
THE BRIEF
1

Brent crude futures climbed 52 cents to $110.07 a barrel, hovering near a five-month high driven by a geopolitical risk premium from Gulf vessel attacks.

2

Yemen's Houthi movement claimed responsibility for multiple drone and missile strikes targeting Saudi energy, military, and airport facilities.

3

Analysts noted that the market continues to price in significant supply volatility despite upcoming data on US crude inventories.