Oil prices hit $100 for the first time since May

Prices spiked after Houthi militia in Yemen attacked oil tankers in the Red Sea, threatening a key export route that Saudi Arabia has used to bypass the Strait of Hormuz...

✨ Key Highlights

Oil prices have surged past $100 a barrel for the first time since May, driven by escalating conflict in the Middle East and Houthi militia attacks on tankers in the Red Sea.

Brent crude, the global benchmark, rose over 6% on Thursday.
The conflict threatens key oil export routes, impacting global energy supplies.
This price hike could lead to renewed inflationary pressures and higher consumer costs for fuel, food, and other goods.

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