Oil Prices Near $100 as Drone Attacks Spook Wall Street
Oil prices are on the rise, nearing $100 per barrel for Brent crude. This comes after drone and missile attacks by the Iranian-backed Houthis in Yemen forced authorities to halt operations at some of Saudi Arabia's energy facilities.
The increase in oil prices is causing concern among Wall Street investors, as it could lead to higher inflation and potentially spark an interest rate hike when the US Federal Reserve Board meets next week.