Oil prices reached their highest levels since May, with Brent crude rising to $111.22 per barrel and WTI to $100.45 per barrel. This surge is attributed to new Houthi attacks on Saudi energy infrastructure and shelling of vessels in the Persian Gulf, despite the easing of sanctions against Russia.

The increase in oil prices is linked to recent Houthi attacks targeting Saudi energy infrastructure and the shelling of ships in the Persian Gulf. This occurred despite the reported easing of sanctions against Russia.