Brent crude climbs above $110

Brent crude gained $1.93 to reach $110.75 per barrel, while US West Texas Intermediate (WTI) crude rose $1.43 to $98.58 per barrel. New attacks by Houthi forces in Saudi Arabia and growing risks to regional energy infrastructure intensified concerns about global oil supplies.

Security incidents involving vessels in the Persian Gulf and US preparations to withdraw some diplomatic personnel from the region further heightened risk perceptions in oil markets. Investors are closely monitoring how the ongoing conflicts in the Middle East could affect energy shipments, while the potential impact of rising oil prices on global inflation remains a key concern.