Energy
Brent near $117 as tanker is hit in Hormuz, oil set for fourth monthly gain
Brent rose to about $117, set for a 13pc monthly gain, after a tanker in the Strait of Hormuz was hit by explosives; traders fear escalation after the midterms.
All The Indus Compass coverage of WTI: 3 stories.
Brent rose to about $117, set for a 13pc monthly gain, after a tanker in the Strait of Hormuz was hit by explosives; traders fear escalation after the midterms.
Brent fell on hopes of a US-Iran settlement and talks in Tehran, but Houthi attacks on Saudi Arabia kept crude near six-month highs, Reuters reports.
Brent rose $1.29 to $110.11 after the US ordered some diplomats out of Saudi Arabia, as Houthi strikes hit a Dammam airport and a Saudi oilfield.