Oil prices climbed Wednesday, with Brent crude gaining $1.50, or 1.32%, to $115.59 per barrel, and West Texas Intermediate crude rising $1.47, or 1.47%, to $101.37. The Houthis said on Tuesday that they had attacked Saudi Arabia’s Ras Tanura refinery with a ballistic missile, raising fears of an escalation in the regional conflict. Donald Trump said the war with Iran would end on his terms while insisting that Tehran must never acquire a nuclear weapon. Preliminary Israeli election results also indicated that neither of the two main blocs had secured the 61 seats needed to control the 120-member Parliament, potentially prolonging coalition negotiations.
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