Oil prices surge toward $100 as Houthi attacks, U.S. strikes on Iranian tankers and renewed Middle East tensions rattle markets.

Tanker attacks in Strait of Hormuz spark fears of wider supply disruption

Brent crude moved closer to $100 as renewed U.S.-Iran tensions and threats to Gulf shipping raised fears of prolonged oil supply disruptions.

Iranian retaliation and Yemeni militia group's attacks in Saudi Arabia heighten concerns