Oil Prices Hit Six-Week High After US and Houthi Strikes
5 Articles
5 Articles
Saudi Gazette
AlKhaleej TodayOil prices hit six-week high after US and Houthi strikes
LONDON — Oil prices rose past $100 (£74) a barrel on Wednesday after further strikes in the US and Iran conflict and continuing Houthi attacks in Saudi Arabia.In back and forth attacks, the US hit five Iranian tankers in reprisal strikes after Tehran targeted one of its warships.Brent crude, which is the global benchmark for prices, has not been as expensive since the end of July, when a ceasefire between Iran and the US collapsed.Yemen's Iran-b…
The renewed escalation of attacks between the US and Iran, and Houthi attacks in Yemen targeting energy facilities in Saudi Arabia, have driven oil prices higher. Brent crude oil surpassed $100 a barrel on Wednesday, reaching its highest level since late July.
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