Oil reverses course higher after US and Houthi attacks

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1. 1h ago

   Oil Reverses Higher Following US and Houthi Attacks

   Crude oil prices reversed course to trade higher after recent United States and Houthi attacks drove energy supply concerns. Brent crude hovered near 109 dollars a barrel, holding close to a five-month high. Houthi militants claimed responsibility for strikes targeting Saudi airports and Aramco facilities. The surging energy prices weighed on global equities, contributing to declines in the Indian stock market and Pakistan Stock Exchange. Traders continue to monitor Middle East supply risks alongside potential waivers on Russian energy and international reserve releases.

   Why it matters

   Escalating military actions in the Middle East directly threaten critical petroleum infrastructure, sparking renewed volatility in global commodity markets. Brent crude prices near five-month highs demonstrate the acute vulnerability of energy transit routes and production facilities in the region. These supply shocks ripple into broader financial markets, putting pressure on stock indices and currency valuations worldwide.

   What is confirmed

   • Brent crude hovers near 109 dollars a barrel, holding close to a five-month high.
   • Houthi militants claimed they attacked Saudi airports and Aramco facilities.
   • Rising oil prices and regional tensions undermined investor sentiment, contributing to declines on the Pakistan Stock Exchange and the Indian stock market.

   Still unconfirmed

   • Traders are assessing potential waivers on Russian energy supplies that could lead to more fuel entering the market.

   What to watch next

   • Developments regarding potential waivers on Russian energy supplies
   • Further reports on damage or operational impacts from Houthi attacks on Saudi facilities
   • Decisions on International Energy Agency reserve releases
   Sources used for this update (19)

   1. oilprice.com — Crude Oil Prices Today | OilPrice.com
   2. help.naver.com — Futures Flat As Oil Rebounds After Trump's "Energy Ceasefire" Unravels, Memory Stocks Slide | ZeroHedge
   3. www.mitrade.com — Weekly Market Wrap: AI spending hit a reality check — and Starlink rewrote the telecom trade
   4. WSJ — Oil Prices Fall as Traders Weigh IEA Reserve Releases, Hormuz Risks
   5. CNBC — Brent crude hovers near $109 a barrel as Ukraine resumes energy strikes, tankers attacked in Middle East
   6. Reuters — Oil tumbles as Trump's Russia sanctions waiver may lead to more fuel supplies
   7. investingLive — Oil reverses course higher after US and Houthi attacks
   8. CNBC — Brent oil tops $109 after Houthi militants claim they attacked Saudi airports and Aramco facilities
   9. Reuters — Oil eases as markets assess potential waiver on Russian energy, Middle East supply risks
   10. Bloomberg.com — Oil Wavers as Iran Threats Vie With Robust Gulf Crude Flows
   11. niallferguson.substack.com — Why Europe Is Burning - Niall Ferguson's Time Machine
   12. Yahoo Finance — The US economy is facing 2 hot wars heating up at a bad time for the White House
   confidence 90%