Brent crude hits $100 after fresh wave of Middle East attacks

AI Summary

Brent crude oil prices surged above $100 per barrel following a new wave of attacks on Middle Eastern oil facilities and tankers, escalating tensions in the region. The U.S. military retaliated by targeting Iranian vessels involved in missile strikes, while Houthi rebels attacked Saudi oil infrastructure, pushing crude prices higher.

On Wednesday, Brent crude oil prices exceeded one hundred dollars per barrel. Heightened concerns over supply arose following new attacks on oil facilities and tankers in the Middle East. The U.S. military responded by targeting five Iranian tankers, which were involved in missile strikes, while Houthi rebels ignited oil facilities in Saudi Arabia. These escalating conflicts have driven prices higher.