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Brent crude climbed above $108 a barrel as reports said Iran-backed Houthis seized Yemen’s key Red Sea port of Mocha and advanced toward the Hanish Islands. The report also said Asian markets fell and U.S. stock futures were mixed.
President Donald Trump said he expects the Iran war to end after November's U.S. midterm elections, while again threatening strikes on Iran's Pickaxe Mountain nuclear site. He also cited intensified Iran and U.S. shipping attacks as Houthis advanced toward the Bab el-Mandeb Strait.