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Oil prices surpassed $100 a barrel on Wednesday due to escalating tensions between the US and Iran, alongside ongoing Houthi attacks in Saudi Arabia. The US conducted strikes on Iranian tankers in response to missile attacks, while the Houthis targeted Saudi oil facilities, leading to significant fluctuations in oil prices amid regional instability.
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Oil prices surpassed $100 a barrel on Wednesday due to escalating tensions between the US and Iran, alongside ongoing Houthi attacks in Saudi Arabia. The US conducted strikes on Iranian tankers in response to missile attacks, while the Houthis targeted Saudi oil facilities, leading to significant fluctuations in oil prices amid regional instability.
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Oil hits $100 a barrel for first time since July after US and Houthi strikes
Oil Prices Exceed $100 a Barrel Amid US-Iran Conflict and Houthi Attacks