Oil surges to a five-month high above $114 after Houthi attacks on Saudi Arabia pile pressure on fuel costs
Saudi Aramco cleared its Dhahran headquarters on Thursday as Houthi attacks on the kingdom continued to intensify. Reports indicate that Washington and Israel have drafted plans to strike Iran again after the US midterms. Brent crude has surged more than 85 per cent since the start of the year, when the US-Iran war broke out. President Donald Trump told reporters the US had 'knocked' out Iran and could go 'a little bit further'.
European gas prices jumped another 4 per cent, putting them nearly 30 per cent higher for the month.
Trump accused Tehran of 'making up fake hits' on tankers to drive up oil prices.
BP shares rose 1.6 per cent while the FTSE 100 barely moved.
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