RBC Capital Markets warns Brent could approach $122 this year as Houthi gains near the Bab el-Mandeb compound disruptions in the Strait of Hormuz.

Experts warn that oil could exceed $120 per barrel if such attacks and reduced traffic in the Strait of Hormuz persist.

The global crude oil price is rising towards $100 per barrel as renewed fighting in the Middle East heightens fears of supply disruptions. Read more.

Attacks on energy sites raise concerns over key maritime corridors