Al Jazeera·3 min read·medium

Oil surges past $100 in a first since May as Middle East conflicts rage

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Al Jazeera
Oil surges past $100 in a first since May as Middle East conflicts rage
AI Summary

Brent crude prices have surpassed $100 per barrel following Houthi attacks on Saudi oil tankers in the Red Sea. The escalation of conflict in the Middle East is raising concerns about global energy supply disruptions and inflation.

Oil prices rise for a fifth day after Yemen’s Houthis say they struck Saudi Arabian oil tankers in the Red Sea.

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