Brent Oil Trades Above US$107 as Houthi-Saudi Fighting Escalates

Brent oil trades above US$107 as Houthi-Saudi fighting escalates

On track for its biggest weekly gain since July, the global benchmark has surged over 6% in the prior session Read more at The Business Times.

New Twist in Iran US War: Houthi-Saudi Tension Take Brent Oil Past $100, Another Fuel Crisis in the Making

The US Iran War has become even more dangerous due to new threats from the Houthi forces attacking Saudi Arabia, which puts even more pressure on the already unstable oil market. Brent crude rose above the $100-per-barrel level because of the increased threat to the oil infrastructure and maritime trade routes. New Houthi attacks increase […]

Fighting Escalates in Yemen as Houthis, Saudi-Backed Forces Trade Attacks

Fighting has escalated across Yemen, with the country’s internationally recognised government accusing the Houthis of killing three children in an artillery attack, while Saudi Arabia accused the Iran-backed group of continuing to target the kingdom’s infrastructure. According to Al Jazeera, the claims came on Wednesday as the Houthis threatened to retaliate after accusing Saudi Arabia […]