LONDON - Oil prices surged to $100 a barrel on Thursday as Tehran-backed Houthi rebels targeted Red Sea shipping and US President Donald Trump threatened to strike them in return.

Oil prices surged past $100 a barrel on Thursday as Iran-backed Houthi rebels targeted Red Sea shipping as threats by US President Donald Trump to strike them in return sent…

Oil topped $100 a barrel for the first time since May — and the average US gas price rose to $4.09 — after Yemen’s Houthi rebels targeted Saudi ships in the Red Sea, threatening…