Brent Heads for Record Monthly Jump as Houthi Attacks Widen Gulf Conflict

Brent heads for record monthly jump as Iran conflict widens

Oil prices surged Monday as Yemeni Houthis attacked Israel, escalating the Middle East conflict. Brent crude neared record monthly gains, driven by fears of disrupted shipping lanes in the Red Sea and Bab el-Mandeb. Saudi exports are rerouting, with potential disruptions impacting global supply. Ceasefire talks are underway amidst rising tensions.

Stock selloff builds as Iran war widens, oil gains

Stocks sold off and crude oil climbed as tensions in the Middle East intensified, with Iran-backed Houthi forces entering the conflict and an expanded US military presence raising concerns about a prolonged confrontation.

Crude oil on track for record monthly leap amid widening Middle East conflict

Iran conflict escalates, Houthis launch attacks on Israel.Analysts flag concerns over Saudi exports from Red Sea.Iran accuses US of ground assault plans amid offers of talks. Oil prices extended gains on Monday, with Brent headed ‌for...

Brent heads for record monthly jump as Houthi attacks widen Gulf conflict

Oil Heads Toward Record Monthly Surge as Middle East Conflict Escalates

Oil prices continued their gains on Monday, with Brent crude on track for a record monthly increase, following the Houthis’ first attacks on Israel at the start of the week. The development has further widened the scope of the U.S.-Israeli conflict with Iran across the Middle East.