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Oil Hits $100 a Barrel as Houthi Attacks and US Threats Rattle Markets

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Crude oil prices climbed to $100 per barrel on Thursday amid escalating tensions in the Middle East. Iran-backed Houthi rebels carried out attacks targeting shipping vessels in the Red Sea, disrupting a critical global trade route. In response, US President Donald Trump issued threats to strike the Houthi group. The combination of active attacks and the prospect of a broader military confrontation drove the sharp rise in oil prices.

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Oil Hits $100 a Barrel as Houthi Attacks and US Threats Rattle Markets · ShortSingh