Energy · 23 views
Brent Tops $100 as Houthi Attacks Push Oil Rally Into Triple Digits
Brent crude has broken back above $100 a barrel for the first time in nearly two months as escalating attacks on commercial shipping in the Red Sea deepen concerns that the Middle East supply crisis is spreading beyond the Strait of Hormuz.
AI Summary
The price of Brent crude oil has surpassed $100 per barrel for the first time in nearly two months. This increase is attributed to escalating attacks on commercial shipping in the Red Sea, which have heightened concerns about the spread of the Middle East supply crisis beyond the Strait of Hormuz.
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