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Oil hits six-month high

Oil hits six-month high
Will Fitzpatrick
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Ongoing Houthi attacks on Saudi Arabia have raised concerns about further disruptions to global energy supplies, especially after Saudi state oil company Aramco ordered the evacuation of its headquarters on Thursday. And the situation could get worse: The US and Israel are reportedly discussing renewed new strikes on Iran after the US midterms in November, which could trigger another round of Iranian retaliation against Gulf energy infrastructure and shipping routes. That, in turn, could push oil prices even higher and inflict further damage on a global economy already grappling with soaring energy costs and mounting government debt.

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