US-Iran strikes and Houthi attacks on Saudi energy sites have fueled fears of further disruptions to global oil supplies
Global oil prices have surpassed $100 per barrel as escalating fighting between the US and Iran, and Houthi attacks on Saudi energy infrastructure, raised fears of further supply disruptions. Brent crude broke the threshold for the first time in nearly two months.
Brent futures climbed 2.2% to $100.07 per barrel in Asian trading, their highest level since July 24. US benchmark West Texas Intermediate (WTI) rose 1.83% to $94.73, while Brent has gained around 25% since early August as hopes of a lasting settlement to the…
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