Brent crude prices fell back to $107.57 a barrel after a new attack on vessels in the Strait of Hormuz.
Earlier this month, multiple Iranian attacks on vessels in the Strait of Hormuz once again disrupted crude oil exports through the strait. Although oil flows briefly rebounded to pre-war levels last month, the attacks caused oil price volatility. On Monday morning (October 19), Brent crude futures were trading at $107.57 per barrel, down from the high of $110 per barrel reached last Friday.
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