Benchmark rises sharply over fears Houthi militia could strangle Saudi exports as US-Iran fighting intensifies

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…

Crude oil prices surged above $94 per barrel on Wednesday, extending their rally to fresh five-week highs as the conflict

Global supply disrupted by US-Iran aggression in strait of Hormuz and Houthi threats in Bab el-Mandeb

Oil prices rose to their highest in almost six weeks on Wednesday, with Brent crude surpassing $95 a barrel, on mounting concerns about disruptions to Middle Eastern supply routes…

Oil prices hit a 6-week high amid US-Iran tensions. New all-time high by December 31 at 15.5% 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.

July 23 : Oil prices rose more than 1.5 per cent to their highest in more than six weeks on Thursday, with the United States launching a new round of strikes on Iran and Yemen's…

Oil prices rose more than 1.5% to their highest in more than six weeks on Thursday, with the United States launching a new round of strikes on Iran and Yemen’s Houthis targeting…

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

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…

Oil prices rose to their highest levels in six weeks on Wednesday, with Brent crude nearing 99 dollars a barrel, as concerns over supply increased amid the escalating US-Iran war…

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

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.

The Iranian-aligned Houthis said they struck two Saudi oil tankers as part of a naval blockade on Saudi Arabia.

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.

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.