Oil edges higher as Strait of Hormuz reopening stays uncertain; Houthi strikes intensify supply concerns
Oil prices climbed on Monday as ambiguity over reopening the Strait of Hormuz sustained worries about Middle East supply, and recent attacks claimed by Iran-backed Houthi militants against Saudi energy targets heightened geopolitical risk. Brent and WTI both advanced, with Brent up about 1.1% at $84.45 a barrel and WTI gaining 1.2% to $78.18 a barr…