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Oil Prices Soar to $100 Per Barrel Amid Middle East Tensions

Guavy AI Editorial Team
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Oil
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Brent oil surged to its highest price since May on Thursday, reaching $102 per barrel before settling at $100.69, due to increased fighting in the Middle East that threatened to slow global crude flows.

The jump in oil prices was triggered by attacks on two Saudi oil tankers in the Red Sea, which raised concerns about another vital shipping route for oil companies.

President Donald Trump warned of 'major military punishment' against Houthi rebels in Yemen if they continued to attack ships.

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