Brent crude dips after hitting 5-month high at $108

Brent crude fell slightly Monday after surging ~4% Friday to ~$108/barrel. West Asia tensions — including Houthi attacks on Saudi export terminal Yanbu and tanker strikes in the Arabian Gulf — have driven oil up 75% this year. US forces escorted 100M barrels through Hormuz, easing supply fears. A US-Russia diesel deal faces backlash in Washington.