Brent Oil Price Jumps Toward $111 as US-Israel Iran Strike Plans and Houthi Shaybah Attack Return

Oil is back at the front of the tape because the conflict-supply bid has re-engaged, and this session it is carrying two distinct barrels of headline risk at once. Brent futures were up about 2.35% to just above $111 while WTI neared $99, after the New York Times reported that the US and Israel have drawn up plans for renewed strikes on Iran and the US ordered non-emergency employees and dependents out of Saudi Arabia as Houthi attacks mount.

Key Takeaways Brent (BZ=F) traded near $111.38 on the session, up 2.35%, with WTI (CL=F) at $99.23, up 2.14%, as Middle East escalation headlines returned to the front of the tape. The New York Times reported the US and Israel have drawn up plans for ren…