Brent Crude Hits Four-Year High Amid Houthi Attacks and Iran Tensions
Translated & summarized from NEWSru Israel by baba
Brent crude oil futures reached a four-year high of $113.17, driven by increased Houthi attacks on Saudi Arabian energy infrastructure and broader geopolitical tensions involving Iran. The price has risen over 6.5% in the last month and 74% year-on-year. Saudi Aramco has moved staff to remote work, and U.S. and Israeli forces are reportedly planning potential strikes on Iran's energy sector.
The story in 6 lines · by baba
- Brent crude futures closed at $113.17, marking a four-year high.
- Oil prices have risen over 6.5% in the past month and 74% year-on-year.
- Yemeni Houthi rebels intensified attacks on Saudi Arabian energy infrastructure.
- Saudi Aramco has evacuated employees from its Dhahran headquarters.
- U.S. and Israeli militaries are reportedly preparing potential strikes on Iran's energy infrastructure.
- President Donald Trump stated that Washington is not negotiating with Iran.
Futures for Brent crude oil surged 4% to close at $113.17, reaching a four-year high. Over the past month, oil prices have increased by more than 6.5%, and by approximately 74% compared to the same period last year. The price surge is attributed to intensified attacks by Yemen's Houthi rebels on targets within Saudi Arabia. The Iran-backed Houthis claimed responsibility for strikes on the Red Sea port of Yanbu, as well as a major oil field and airport in the kingdom. Saudi Arabia's Ministry of Energy reported that air defenses intercepted a drone targeting the Shaybah oil field, which produces one million barrels per day. In response to the escalating threats, Saudi Aramco has instructed employees at its Dhahran headquarters to work remotely, according to Reuters. Further pressure on the market stems from reports that U.S. and Israeli militaries have prepared scenarios for renewed strikes against Iran following the November U.S. midterm elections, with the country's energy infrastructure being a potential target. U.S. President Donald Trump stated that Washington is not negotiating with Iran and indicated that "something will happen" soon.
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