• Oil futures rose on Monday as geopolitical tension in the Middle East returned to focus, spurring concerns about supply from the region, but uncertainty over OPEC+ voluntary output cuts and global fuel demand growth clouded the sector’s outlook.
  • Brent crude futures climbed 28 cents, or 0.4%, to $79.16 a barrel by 0018 GMT, while U.S. West Texas Intermediate crude futures were at $74.36 a barrel, up 29 cents, or 0.4%.
  • Fighting has resumed in Gaza and three commercial vessels came under attack in international waters in the southern Red Sea, the U.S. military said on Sunday, as Yemen’s Houthi group claimed drone and missile attacks on two Israeli vessels in the area.