Report
Oil prices surge above $116 amid Middle East tensions and Houthi attacks
Scott Bessent says Persian Gulf oil exports have surpassed pre-conflict levels despite Iran’s efforts to disrupt energy shipments.
TLDR
Brent crude reportedly climbed to around $116–117 a barrel amid Houthi attacks on Saudi targets and tensions with Iran. Scott Bessent says Persian Gulf oil exports have surpassed pre-conflict levels despite Iran’s efforts to disrupt shipments. Another post warns oil could hit $200 a barrel if Iran retaliates for strikes on its fields by attacking Gulf oil fields.
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