Brent Hits $100 Again as Houthi Attacks Threaten Further Supply Squeeze
AI Summary
Brent crude has surged back to $100 a barrel as tensions in the Middle East escalated with Iran-backed Houthi militants claiming to have attacked two Saudi tankers near the Bab al-Mandeb Strait. This development heightens fears of a further squeeze on global oil supplies, pushing prices to their highest levels in two months. The situation underscores the delicate balance of global energy markets and the significant impact geopolitical conflicts can have on energy prices.
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