Oil nears $100 after Houthi tanker attacks
Oil prices have risen to their highest levels in two months, with Brent crude increasing by 6.2% to reach $99.90 per barrel. This surge followed the Houthis in Yemen claiming responsibility for targeting two Saudi oil tankers, which heightened disruptions to oil shipping through the Red Sea and the Strait of Hormuz. The price of oil surpassed $100 for the first time since late May, amid military escalation and its impact on global oil supplies.
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