# Oil prices jumped to a five-month high yesterday, with Brent crude, the international benchmark for oil prices, rising by three-percent to hit 112 dollars a barrel for the first time since 18 May. This comes as Yemen’s Iran-backed Houthis have intensified attacks in Saudi Arabia, while four vessels involved in illegal oil transfers in the northern Gulf were hit in the Strait of Hormuz. President Donald Trump has stated that the US will not attack Iran before the midterm elections, but has threatened future attacks against Iranian nuclear facilities.
Oil prices jump to a five-month high as attacks in Saudi Arabia and the Strait of Hormuz continue