Oil surges past $100 as Houthi-Saudi war and Iran-Jordan strikes rock the Gulf
Brent crude broke $100 a barrel for the first time since July after a sharp escalation at two Gulf flashpoints. Houthi forces struck Saudi cities and energy facilities in what Riyadh called the heaviest attack in years, and Saudi Arabia has vowed, and begun, retaliatory strikes. Separately, US forces destroyed five Iranian tankers and Tehran responded with strikes on Jordan. That widens the confrontation beyond the Yemen theatre and shows Iran is willing to hit US partners directly. For organisations, the immediate exposure comes in three parts. Fuel and freight costs will rise if oil stays in triple digits. Marine and aviation insurers are likely to reprice Gulf and Red Sea risk within days. And staff or assets in Saudi Arabia, Jordan or on Gulf shipping lanes face a higher risk of secondary strikes or airspace closures. Mission Support advises clients to review fuel-price exposure in contracts, confirm current war-risk insurance terms for cargo crossing the Gulf, and put non-essential travel to Jordan and Saudi border regions on hold until Iran's next move is clearer. A state party is involved and the Jordan strikes rest on a single source, so treat that specific detail as developing.