Commodities
Brent Crude Soars Near $97 as Houthi Strike Targets Saudi Aramco
Brent crude prices surged to a six-week high near $97 per barrel on Tuesday as a reported Houthi attack on Saudi Aramco infrastructure and ongoing US-Iran strikes stoked fresh supply fears.
The market is weighing the risk of prolonged disruptions to Strait of Hormuz flows, which could reduce export volumes and trigger a material earnings revision for Saudi Aramco.
Analysts are divided on whether $100 per barrel is a near-term ceiling or floor, with some estimates suggesting continued conflict spread could rapidly push Brent through this threshold.