Oil markets surged Monday following weekend strikes by Iranian-backed Houthi militants on Saudi Arabian airports, sending benchmark Brent Crude prices to their highest levels in recent trading. The international standard reached nearly $106 per barrel by late afternoon, marking a sharp rise from Friday’s close, with intraday peaks exceeding $107. Analysts are closely watching the geopolitical tensions in the region as supply concerns weigh on global energy markets. The developments come amid ongoing volatility in crude prices driven by both geopolitical risks and shifting market sentiment.
Oil prices rose Monday, after the Iranian-backed Houthis launched attacks on two airports in Saudi Arabia over the weekend. Brent Crude, the international benchmark, closed at nearly $106 per barrel as of late Monday afternoon, up roughly $1.20 from closing time Friday. The price of Brent Crude peaked at $107.33 earlier in the day. West...
