Brent Crude Reaches 5-Month High Driven by Houthi Attacks and Iran Tensions

Brent crude touched $115.84 on Friday, its highest level since May, driven by Houthi attacks on Saudi energy targets, including an Aramco site in Yanbu, and fears of new US strikes on Iran. Other energy prices showed mixed movement: WTI crude rose 1.35% to $100.81, heating oil gained 1.48% to $5.01 per gallon, while US natural gas fell 2.86% to $2.72 per MMBtu. This oil rally occurred amid a tech selloff, with the Nasdaq Composite falling 2.6% and the total crypto market capitalization dropping 3.74% to $2.76 trillion.