Oil prices rose on Monday after Iran-backed Houthi attacks on two airports in Saudi Arabia over the weekend. Brent crude closed at nearly $106 a barrel, up about $1.20 from Friday.
01Summary
- 01The Houthis launched attacks on two airports in Saudi Arabia over the weekend.
- 02Brent crude, the international benchmark, closed at nearly $106 per barrel on Monday afternoon.
- 03That was roughly $1.20 higher than its closing price on Friday.
- 04Brent crude peaked at $107.33 earlier in the day.
02Why it matters
Higher oil prices can feed into transport, energy and goods costs for households and businesses. The attacks also add to concerns about disruption in a major oil-producing region.
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