Oil nears $100 as Saudi Arabia confirms energy infrastructure attacks. New all-time high by December 31 at 10.5% YES.

Oil prices near $100 due to supply disruptions and falling inventories. New all-time high by September 30 at 1.9% YES, by December 31 at 9.5% YES.

Attacks on energy facilities in southern Saudi Arabia caused fires and temporary operational shutdowns as escalating regional tensions push oil prices toward $100 a barrel.

Houthi attacks on Saudi energy facilities have disrupted oil operations. These strikes also pressure the Bab al-Mandeb chokepoint, impacting oil flows. The Strait of Hormuz…