Oil prices hit $100 per barrel amid Red Sea tensions
after close1 source ↓written by the desknot a recommendation
- for Brent crude
- $100.69 per barrel
- amid escalating tensions
- 7% increase
- crude also rose
- 6.2%
- $92.19 per barrel
- during trading
- $102
Oil prices surged to $100.69 per barrel for Brent crude, marking a 7% increase amid escalating tensions in the Iran conflict. U.S. crude also rose 6.2% to $92.19 per barrel, its highest since June. The Houthi rebels' attacks on Saudi tankers have raised concerns over global energy supply disruptions. ⚡
• Brent crude peaked at $102 during trading.
• Houthi threats impact millions of barrels passing through Bab el-Mandeb strait.
Immediate market implications suggest heightened volatility in energy stocks.
Not investment advice. For informational purposes only.