Brent tops $111 as Hormuz mines hit tankers

Summary

Mine incidents in the Strait of Hormuz and Houthi strikes on Saudi Arabia have combined to push Brent crude above $111 a barrel on Tuesday, its highest level in five months, as supply concerns deepen.⁠12

Iran's Revolutionary Guards said their naval mines halted three tankers attempting routes Tehran considers illegal and set two of them ablaze, while the International Maritime Organization warned that the lane remains too unsafe to transit.⁠23

In Yemen's Shabwa province, Houthi missiles struck a government security forces training camp, killing 58 people, injuring more than 200 and leaving 14 reported missing.⁠4

Britain said it will deploy Typhoon jets on defensive missions over Saudi cities and oil facilities, while stating that it will not strike Houthi targets directly.⁠5

In Kenya, a court found cult leader Paul Mackenzie guilty of murdering 191 people, all but one of them children, and sentencing is due on November 6.⁠6

In Afghanistan, the United Nations warned that more than 19 million people could face acute food insecurity this winter, with millions of young children projected to be affected in 2027.⁠7

For the Strait of Hormuz, the timing of any reopening to shipping remains uncertain, and the next marker is Egypt's talks on military support for Saudi Arabia, which were extended to next week.⁠38