Brent Crude Oil Surges Above $100 as Houthi Attacks Hit Saudi Facilities

Brent crude oil has broken above $100 a barrel for the first time in three months after Houthi fighters struck Saudi Arabian oil facilities.

The benchmark reached $100.03, a brief move that reversed a similar session in late July, with May being the last time Brent held at this price level.

Iran-backed Houthi forces launched dozens of drones and ballistic missiles at Abha, Jazan, Najran, and Khamis Mushait on Tuesday, causing fires to break out at Saudi Aramco sites and wounding 73 people, including women and children.