Oil price passes $100 a barrel again as Middle East conflict escalates
•Benchmark rises sharply over fears Houthi militia could strangle Saudi exports as US-Iran fighting intensifiesThe oil price has climbed back above $100 a barrel for the first time in two months, as a...
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المصدر: The Guardian World | Source: The Guardian WorldBenchmark rises sharply over fears Houthi militia could strangle Saudi exports as US-Iran fighting intensifies
The oil price has climbed back above $100 a barrel for the first time in two months, as a fresh escalation of the Middle East conflict threatens to compound disruption to global oil supplies.
The benchmark oil price rose sharply on Thursday, after reaching $95 a barrel the day before amid fears that Yemen’s Houthi militia could strangle Saudi oil exports through the Red Sea while US-Iran tensions over oil flows through the strait of Hormuz intensify.
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This article was originally published by The Guardian World. Khabr is a licensed Jordanian AI-powered news platform (Registration #82086). We add editorial value through: AI-powered news analysis, automated summaries, AI audio narration, multi-language translation (Arabic, English, French, Turkish), and AI fact-checking. Our mission is to make news more accessible and understandable for Arabic-speaking audiences worldwide.
