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Commodities

Saudi Facilities Attacked, Oil Prices Near $100 Per Barrel

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Oil prices have surged to nearly $100 per barrel as Saudi Arabia's energy facilities were attacked by Iranian-aligned Houthis. The strikes, which injured over 70 people, resulted in fires at several energy sector facilities and installations near the Yemen border.

The attacks are part of a broader escalation of tensions in the Iran conflict, with the US military launching strikes on three Iranian oil tankers over the weekend. In response to the US actions, Iran's Foreign Ministry called the attacks 'a war crime.'

As fighting intensifies in the Middle East, oil prices continue to rise, with Brent crude oil reaching its highest mark since July at $99 per barrel.

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