Brent crude hovers near five-month high as Houthi attacks on Saudi energy sites stoke supply fears

Brent crude oil prices climbed to near a five-month high on Tuesday, trading at $110.10 a barrel, as markets priced in a geopolitical risk premium from Houthi attacks on Saudi infrastructure and vessel assaults in the Gulf. The attacks, which targeted Saudi energy sites like an Aramco facility in Yanbu and the Shaybah oilfield, heightened regional stability fears, keeping prices above $100. A Houthi strike on a Yemeni training camp killed 58 people, while at least 18 vessels were reportedly attacked over two weeks. US crude stockpiles were expected to have fallen last week, and President Donald Trump waived key Russia-related sanctions, though a final decision is pending. Russia's September crude output rose to 8.43 million barrels per day, but traders remain focused on Gulf energy infrastructure risks.