Oil Prices Today: Brent Rises on Houthi Attacks and Gulf Ship Strikes

TLDR Brent crude rose to $111.05 a barrel on Tuesday, the highest since May. Houthis claimed attacks on Saudi energy, airport and military sites, but Saudi authorities have not confirmed them. Kpler said at least 18 vessels were reportedly attacked in the Gulf over two weeks. Gulf crude flows had recovered to about 80% of pre-war levels, but ANZ warns of a new slowdown. US West Texas Intermediate reached $104.94, its highest since September. Oil prices rose on Tuesday, and Brent crude reached a five-month high. Traders are pricing in risks tied to Houthi attacks on Saudi Arabia and reported strikes on ships in the Gulf. Brent futures climbed to $111.05 a barrel, the highest level since May. By 0810 GMT, they traded at $110.80, up $1.25 or 1.1%.

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