Brent Oil Trades Above US$107 as Houthi-Saudi Fighting Escalates
Brent crude rose more than 6% in the previous session as Houthi attacks threatened Saudi energy facilities and shipping routes, analysts said.
6 Articles
6 Articles
The price of Brent oil stood at about US$ 107 per barrel in the face of intensified fighting between Yemen-based Ansarolá (Houthis) movement and Saudi-backed forces, media reports.
The price of Brent crude oil has risen to nearly $107 per barrel as fighting in the Middle East escalates. The rise in oil prices is being driven by the advance of the Houthi movement in Yemen and fears of supply disruptions.
New Twist in Iran US War: Houthi-Saudi Tension Take Brent Oil Past $100, Another Fuel Crisis in the Making
The US Iran War has become even more dangerous due to new threats from the Houthi forces attacking Saudi Arabia, which puts even more pressure on the already unstable oil market. Brent crude rose above the $100-per-barrel level because of the increased threat to the oil infrastructure and maritime trade routes. New Houthi attacks increase […]
Fighting Escalates in Yemen as Houthis, Saudi-Backed Forces Trade Attacks
Fighting has escalated across Yemen, with the country’s internationally recognised government accusing the Houthis of killing three children in an artillery attack, while Saudi Arabia accused the Iran-backed group of continuing to target the kingdom’s infrastructure. According to Al Jazeera, the claims came on Wednesday as the Houthis threatened to retaliate after accusing Saudi Arabia […]
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