Oil climbs above $106 as Gulf shipping attacks stoke supply fears

Oil prices have risen above $106 as attacks on ships in the Strait of Hormuz and Houthi strikes on Saudi Arabia stoked supply concerns.

• Two senior Iranian officials said Tehran is using new tactics against shipping in the Strait of Hormuz to keep prices high and influence US midterm elections.
• The UK's Maritime Trade Operations reported a container ship and an oil tanker were hit by projectiles of unknown origin in the strait.
• Saudi Arabia's energy ministry said the Houthis attacked an Aramco administrative building in Dhahran, causing a limited fire.
• G7 countries agreed with the IEA to release up to 100 million barrels of diesel and crude oil over the next four months.