Oil benchmark Brent crude climbs past $110 on Gulf risks

Benchmark Brent crude rose above $110 a barrel as Iran warned about shipping through Hormuz and Yemen intensified attacks in the region.

Brent crude traded above $110 a barrel as Middle East tensions and tanker attacks raised supply concerns.

At the time of writing, Brent was near $111.80 and WTI was at $99.41.

Iran warned that vessels breaking its restrictions could be blocked from the Strait of Hormuz.

Reports say two vessels sank near the waterway on October 14 after being hit by projectiles.

Yemen has intensified attacks on US and Saudi assets, widening risk at the Bab el-Mandeb Strait.

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