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

Oil prices hit six-week highs after Houthi militants targeted Saudi tankers. New all-time high for crude oil by December 31 at 16.5% YES.

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.

Houthi militant attack on Saudi Arabian tankers threatens deeper supply disruptions

Audio version of Brent nears $100 as Houthi attacks deepen supply fears