Oil Set to Book Record Monthly Gain on Iran Crisis

Oil prices are about to log their biggest monthly rise on record following Houthi attacks on Israel and President Trump’s statement that he wants to take Iran’s oil. The international benchmark was set for a 59% increase since the start of March, Reuters said. At the time of writing, Brent crude was trading at $115.52, after topping $116 per barrel earlier in the day in Asia following the news of the Houthi strikes. West Texas Intermediate was trading at $101.04 per barrel. “The conflict is no longer concentrated in the Persian…