Brent Crude Crosses $100 as Red Sea Tanker Strikes Add New Chokepoint Risk
Houthi attacks on Saudi vessels in Bab el-Mandeb compound supply fears as Strait of Hormuz traffic remains stalled, pushing oil prices to four-month highs
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Houthi attacks on Saudi vessels in Bab el-Mandeb compound supply fears as Strait of Hormuz traffic remains stalled, pushing oil prices to four-month highs

Dual blockades at Hormuz and Bab el-Mandeb threaten a quarter of global oil flows while OPEC+ prepares emergency output boost

Red Sea attacks on Saudi tankers push benchmark prices past $100 for first time since May, with depleted reserves leaving markets fewer options to absorb shocks

Houthi attacks on Saudi vessels in the Red Sea compound disruption at the Strait of Hormuz, pushing oil prices to their highest levels since May as Asia's energy importers face mounting supply risks.

US-Iran strikes and Houthi naval blockades threaten global energy flows through two critical Middle Eastern waterways

Brent crude climbs above $94 as Iran-US tensions and Houthi blockade warnings force tankers to reroute, tightening near-term supply and widening backwardation to widest since May

Refinery output has dropped by 5 million barrels daily amid Hormuz Strait closures, pushing diesel and gasoline inventories to multi-year lows across Asia and beyond.