Middle East Tensions Push Oil Prices to Near $100 Per Barrel

The escalating conflict in the Middle East has pushed oil prices to nearly $100 per barrel after Houthi strikes targeted Saudi energy infrastructure, injuring 73 civilians. The Ministry of Foreign Affairs of Saudi Arabia warned against further escalation and threats to maritime navigation.

Secretary of State Marco Rubio stated that 'the Houthis, in many ways, are agents and proxies of the Iranians' and suggested an 'Iranian hand' behind some attacks.

The Houthi military spokesperson vowed to continue operations until aggression stops. Brent crude traded near $100 per barrel following news of damage to Saudi oil facilities and renewed threats of Houthi attacks in the Red Sea.