Oil is back at a five-month high: Brent topped $111 before easing to $110.30 and WTI is at $105.75, up more than 55% and 60% since the Iran war began. Mines near Hormuz and Houthi strikes on Saudi fac

What happened: Global oil prices reached a five-month high on Tuesday after Iran and its Houthi allies claimed attacks on oil infrastructure and ships in the Middle East. Key numbers: Brent topped $111 a barrel before settling at $110.30, up more than 55% since the Iran war began in late February. WTI stands at $105.75, up more than 60%. U.S. gas averaged $4.27 a gallon, up nearly $1.30 since late February. Why it matters: An oil shortage is pushing costs from refiners to the pump, and affordability is a top concern for voters ahead of November's midterm elections.

Oil prices hit 5-month high amid attacks on ships and facilities.

Oil prices hit 5-month high amid attacks on ships and facilities. — impact context not separately stored; see What changed.