Brent Crude Hits 5-6 Month High Near $117/Barrel on Middle East Tensions

Energy costs directly impact inflation, transportation, and corporate margins worldwide. The reported oil-price rise was linked to Houthi attacks on Saudi infrastructure, Iranian threats to tankers in the Strait of Hormuz and speculation about US or Israeli strikes on Iran. A separate post quoted Trump calling high oil prices temporary while saying the US oil and gas business is making “hundreds of billions of dollars.”