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Brent Crude Hits $100 A Barrel As Red Sea Crisis Rattles Oil Market After Hormuz Supply Woes

Oil prices have shot up drastically since the resumption of the military conflict between the United States and Iran.

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Brent Crude Hits $100 A Barrel As Red Sea Crisis Rattles Oil Market After Hormuz Supply Woes
The fresh spike in oil prices came after Houthis blocked Saudi crude oil shipments via the Red Sea.
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Brent crude touched the $100 per barrel mark on Thursday, as the oil market was rattled by the emerging shipping crisis in Red Sea, in addition to the ongoing deadlock in the Strait of Hormuz.

(This is a developing story)

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