Oil prices sustain significant gains as ongoing hostilities between Yemen’s Houthis and Saudi Arabia, alongside tanker attacks in the Persian Gulf, keep supply risk premiums high.
Brent crude is trading at $114.42 per barrel, maintaining a significant premium due to ongoing geopolitical instability in the Middle East. The price remains elevated compared to 2025 levels, driven by direct threats to supply chains involving Houthi hostilities and Iranian tanker attacks.
Brent crude is trading at $114.42 per barrel.
West Texas Intermediate (WTI) is holding above the $100 per barrel threshold at $100.97, despite a slight decline from Friday's closing price. The asset's valuation is heavily influenced by the same regional supply risks affecting global benchmarks, specifically the security of maritime transit in the Persian Gulf.
WTI is trading at $100.97 per barrel.
Crude oil prices remain elevated as geopolitical instability in the Middle East continues to threaten global supply chains. Despite a minor dip from recent highs, Brent crude trades at $114.42 per barrel while West Texas Intermediate maintains a floor above $100 per barrel.
Prices are supported by ongoing geopolitical hostilities in the Middle East, specifically involving Houthi rebels, Saudi Arabia, and attacks on tankers in the Persian Gulf.