Oil closed in on US$100 a barrel after Iran-backed Houthi militants said they attacked two Saudi Arabian tankers in the Red Sea. Read more.

Houthi attacks are expanding the Middle East conflict into the Red Sea, forcing tankers to reroute and pushing Brent above $91 amid growing fears of prolonged supply disruptions.

Oil prices hit a six-week high on Wednesday, with Brent crude racing past ninety-five dollars a barrel. The growing tensions between the U.S. and Iran have sparked fears of supply…

Oil prices hit a six-week high on Wednesday, with Brent crude racing past ninety-five dollars a barrel. The growing tensions between the U.S. and Iran have sparked fears of supply…

This week's attack by Houthi rebels on Red Sea tanker traffic means gasoline prices are going higher again, possibly for longer than anyone expects.

The attack on ships in the Red Sea threatened to expand the conflict and severely impact global oil supplies already hobbled by the blockade of the Strait of Hormuz.

Crude oil futures traded higher on Thursday morning following reports of attacks by the Iran-backed Houthis on ships in the Red Sea.

US attacks on Iranian targets continued for 12th straight night with no sign of let up in the conflict

Houthi militant attack on Saudi Arabian tankers threatens deeper supply disruptions

Experts say oil prices are facing a rare risk from simultaneous disruptions at both the Bab el-Mandeb and the Strait of Hormuz. Read more at straitstimes.com. Read more at…

Oil prices climbed for a fifth straight session, with Brent surpassing $98 per barrel as Houthi attacks on Saudi-linked tankers heightened fears of supply disruptions through the…

Live, rolling coverage of business, economics and financial markets as traders fear attacks from Yemen and Iran creating ‘two-chokepoint problem’

A Saudi oil tanker was attacked in the Red Sea, pushing oil prices above $98. New all-time high by December 31 at 16.5% YES.

Brent oil nears $100 as prices surge 5% after Houthi attacks on Saudi tankers in the Red Sea, raising fears of a widening Middle East conflict

Houthi militia attacked two Saudi Arabian oil tankers in a military operation, the group said on Thursday.

Oil closed in on US$100 a barrel after Iran-backed Houthi militants said they attacked two Saudi Arabian tankers in the Red Sea. Read more.

Main oil contract Brent North Sea surged toward US$100 a barrel on Thursday (Jul 23) as Tehran-backed Houthi rebels targeted Red Sea shipping, raising fears that the Middle East…

Main oil contract Brent North Sea surged toward $100 a barrel on Thursday as Tehran-backed Houthi rebels targeted Red Sea shipping, raising fears that the Middle East war is…

The Iran-backed rebels said they had targeted two Saudi tankers, the Encelia and the Layla.

The last time global oil prices settled above $100 was on May 22, data from FactSet shows.

Brent crude surged 5% toward $100 a barrel after Houthi strikes on Saudi tankers in the Red Sea, raising inflation fears with implications for