Brent heads for record monthly jump as Houthi attacks widen Gulf conflict
Brent oil prices are heading for a record monthly jump due to escalating tensions in West Asia, sparked by Houthi attacks on Israel. The conflict has raised concerns about disruptions to global supply routes, with Brent crude futures rising to $115 a barrel.
Oil prices have surged due to rising tensions in West Asia. Yemen's Houthi forces launched attacks on Israel, widening the conflict. Brent crude futures jumped to $115 a barrel. The conflict has spread across the Middle East, raising concerns about shipping lanes. Saudi crude exports have been re-directed from the Strait of Hormuz to the Red Sea. The US and Iran have been holding talks, but the situation remains uncertain.
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