Oil surpasses $100 per barrel

Oil prices have risen significantly due to escalating conflicts in the Middle East, with Brent surpassing $100 for the first time since May 2026 after the Houthis targeted two Saudi ships in the Red Sea. This threatens global supplies and heightens fears of disruptions to vital oil export routes. Crude prices have increased by over 6%, with gains exceeding one-third of their value this month, reflecting how tensions are impacting the global oil market.

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