The United States launched fresh strikes on Iran Friday after Tehran-backed Houthi rebels attacked oil tankers in the Red Sea, marking an escalation that pushed crude prices past $100 a barrel.

Oil prices rise amid US-Iran tensions. Crude oil reaching a new all-time high by September 30 at 7.7% YES, and by December 31 at 14.5% YES.

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