Economy / Markets
Brent clears $112 as strikes on Saudi Arabia tighten the oil market
Brent crude rose about 3% to top $112 a barrel for the first time since 18 May and was holding near $113 in early Asian trade on Friday. Yemen's Houthis hit several Saudi targets on Wednesday: two people were killed and eight wounded at a civilian airport in Dammam, and a drone attack on an oilfield killed two. Iran's Revolutionary Guard said four vessels were hit in the northern Gulf and three more struck mines near Hormuz.