Commodities
Houthis' Claim of Oil Tanker Attack Spooks Crude Market
Crude oil futures have turned mixed after two consecutive sessions of sharp losses. This shift in market sentiment comes as Yemen's Iran-aligned Houthi rebels claimed responsibility for an attack on a Saudi oil tanker in the Red Sea.
The Houthis' assertion has tempered optimism over a potential deal to reopen the Strait of Hormuz, which had been a major concern for oil prices.
Despite the volatility, crude oil prices have eased their losses. The market is closely watching developments in the region, and any further disruptions could impact global supply chains.