US Stock Futures Dip After Wall Street Rally 
European Stocks Rally After Fed Hike, Iran Peace Hopes 
Wall Street Mixed as Treasury Yields Rise After Fed Hike 
UK Home Asking Prices Rise for First Time Since May 
Bessent Presses Japan on Fiscal Policy as Yen Struggles 
Strait of Hormuz Oil Shipments Hit Six-Month High as U.S. Clears Mines 
BOJ Raises Interest Rate to 31-Year High as Yen Weakens 
Yemen Fighting Threatens Red Sea Oil Routes 
Asian Stocks Rise as Oil Falls, BOJ Rate Decision in Focus 
Canada Eyes India Trade Deal by Year-End 
Venezuela Nears Deal to Move $4 Billion in Gold to New York Fed 
Europe Jet Fuel Deficit Drives South Korean Imports to Four-Year High 
Oil Prices Fall as Saudi Supply Concerns Ease 
Gold Prices Rise as Oil and Treasury Yields Fall 
Yen Sinks as BOJ Rate Hike Fails to Impress Markets 
Bolivia Approves $1.9 Billion IMF Financing Deal 
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Oil prices climbed on Monday as renewed Houthi missile and drone attacks on Saudi Arabia’s capital, Riyadh, intensified concerns over escalating Middle East tensions and potential risks to regional energy supplies.
Brent crude futures gained 81 cents, or 0.78%, to $104.68 per barrel by 2202 GMT. U.S. West Texas Intermediate (WTI) crude rose 76 cents, or 0.76%, to $101.06 a barrel.
The latest gains followed strikes launched by Yemen’s Iran-backed Houthis against Riyadh on Saturday. The attacks added another layer of geopolitical uncertainty to an already volatile Middle East, keeping traders focused on the possibility of further disruptions to oil production, shipping routes and energy infrastructure.
Saudi Arabia is one of the world’s leading crude exporters, meaning any escalation involving the kingdom can quickly increase the geopolitical risk premium in global oil markets. Traders have remained particularly sensitive to developments that could threaten Gulf energy facilities or key maritime routes used to transport crude and refined products.
Oil prices are also being supported by the continuing stalemate between the United States and Iran. With no clear diplomatic breakthrough, investors remain cautious about the possibility of additional military escalation and its potential impact on crude flows from the region.
The Middle East remains crucial to global energy markets, and prolonged instability could keep Brent and WTI prices elevated. Any disruption affecting Saudi oil infrastructure or major shipping corridors could tighten supplies and increase volatility across crude markets.
For now, investors are closely monitoring developments involving Saudi Arabia, the Houthis, Iran and the United States for signs that the conflict could broaden further. The latest attack on Riyadh has reinforced concerns that geopolitical risks will remain a major driver of oil prices in the near term.
