Brent January Futs Hit New Highs As Oil Market Braces For Post-Midterm Gulf Escalation

Brent crude futures tagged $118 a barrel early Friday, touching a six-month high as more attacks on commercial vessels in the Strait of Hormuz and on Saudi energy assets raised concerns about a potential flare-up in the Gulf conflict after next week’s US midterm elections. President Trump continues to receive briefings on military options against Iran, according to a new…