Oil prices soar above $108 as Houthis strike Saudi infrastructure

Intelligence summary

Iran-linked rebels force closure of east-west pipeline and capture strategic island in Bab al-Mandab strait Business news – live updates Oil prices have climbed above $108 a barrel after a series of drone attacks forced Saudi Arabia to close its east-west crude pipeline. Brent crude, the international benchmark for oil prices, surged to more than $108.5 a barrel on Monday – a 3.7% increase on the day. Continue reading...