Brent tops $100 after Houthi strikes hit 2 Saudi tankers
Why it matters: The attacks widened shipping disruption from the Red Sea to Hormuz, pushing Brent to $100.69 and WTI to $92.19.
Oil prices jumped Thursday after Yemen’s Houthis struck two Saudi oil tankers, deepening fears of supply disruptions across two vital shipping routes. Brent crude rose about 7% to settle at $100.69 a barrel after briefly crossing $100 for the first time since late May, while U.S. West Texas Intermediate climbed about 6% to $92.19. The attacks expanded pressure from the Strait of Hormuz to the Red Sea and Bab el-Mandeb, threatening routes that move Persian Gulf crude to world markets. The spike came as fighting between the United States and Iran escalated, with President Donald Trump warning of a possible broader strike on Iran and Tehran threatening retaliation against regional infrastructure.