Brent crude dips to around $108 after hitting 5-month high. Brent crude fell to around $108 on Monday after surging ~4% on Friday. 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.