Houthi strikes and Iran fears push Brent crude to new highs

Community Trust Score Likely Real 78 % Real Likely Real 23 votes Updated 2 hours ago Brent crude oil hit $117.42 per barrel on Friday, October 23, its highest level since April. The spike follows fresh Houthi attacks on Saudi Arabia and growing fears in Washington over potential military strikes against Iran. Escalating Middle East violence drove the price increase. Iran-backed Houthi forces launched new attacks on Saudi Arabia, forcing Saudi Aramco to evacuate its headquarters. Meanwhile, an oil spill near the United Arab Emirates raised alarms over regional shipping security.

Source: The Currency Analytics