Oil prices near $100 a barrel after US attacks Iran and Houthis hit tankers in Red Sea – business live
World
Live, rolling coverage of business, economics and financial markets as traders fear attacks from Yemen and Iran creating ‘two-chokepoint problem’
Oil prices have jumped by 3.7% this morning as the backlash from the US war in Iran appeared to spread to the Red Sea.
The price of futures for Brent crude oil, the global benchmark, rose by 3% on Thursday to reach as high as $97.45 per barrel, approaching the $100 mark for the first time since May.
To read the full story from the source: The Guardian – World
