Oil Prices Hit $100 a Barrel After Attacks in Red Sea
Iran's Houthi allies in Yemen claimed strikes on two Saudi tankers, sending Brent crude prices above $100. President Trump warned that the U.S. will hold Iran directly responsible for further attacks by the group.
The price of Brent crude soared after Iran’s Houthi allies in Yemen claimed strikes on two Saudi tankers in the Red Sea. President Trump warned that the U.S. would hold Iran directly responsible for further attacks by the group. The attacks raise concerns about disruptions to oil supply through one of the world's key maritime routes. It is not yet clear if the tankers sustained major damage or if there were casualties. This incident marks the latest escalation in the region, where Iran-backed forces frequently target civilian vessels. Oil markets reacted sharply, with prices crossing the $100 per barrel threshold for the first time in recent months. The Trump administration has been seeking to curb Iran's influence in the Middle East, and this warning signals a potential military response if the situation deteriorates further.
