Crude oil futures remained relatively stable despite escalating military tensions and infrastructure strikes across key Middle Eastern energy chokepoints. Markets continue to monitor the fallout from recent Houthi drone strikes targeting Saudi territory and reported damage to oil tankers in the Strait of Hormuz. Traders are weighing the potential for severe supply disruptions against ongoing economic headwinds and global demand forecasts that have kept runaway price spikes in check. Energy analysts warn that while physical supplies have not yet suffered catastrophic cuts, the mounting frequency of regional attacks has injected a persistent risk premium into trading. Industry observers expect volatility to remain elevated as shippers, insurers, and governments reassess maritime security protocols across the Persian Gulf.

Full report : Crude Oil hits more than five-month high on Houthi-Saudi attacks AND UAE oil spill.