Brent crude prices move higher, nearing or reaching $100 a barrel, after Yemen’s Iran-backed Houthi militants claim they strike Saudi Arabian tankers in the Red Sea. Multiple outlets report the increase follows the announcement that two Saudi oil vessels were attacked, adding to concerns about disruptions to global oil shipping routes through the Red Sea. Several reports also cite broader Middle East risk, including the possibility that tensions could affect movements near the Strait of Hormuz, a key energy transit chokepoint. One outlet describes the rise as extending a recent upward streak, with Brent posting its highest level in nearly two months and gaining over multiple sessions. Another notes the sharpness of the move, describing a significant single-day jump and a late-trading continuation after the initial market response. While some reporting includes references to Iran-related supply threats, the core driver across sources is the Houthi claim of attacks on Saudi tankers and the resulting expectation of wider supply disruption risk. Prices fluctuate around the $95 to $100 range depending on the time of reporting.
Brent crude rises toward $100 after Houthi claims of Red Sea tanker attacks
Brent crude prices move higher, nearing or reaching $100 a barrel, after Yemen’s Iran-backed Houthi militants claim they strike Saudi Arabian tankers in the Red Sea. Multiple outlets report the increa...
- Brent crude rises to around $100 a barrel, reaching levels not seen in roughly two months.
- Houthis, described as Iran-backed by some outlets, claim they attack two Saudi Arabian tankers in the Red Sea.
- Markets respond to heightened risk of disruption to oil shipping through the Red Sea.
- Some reporting also links the development to broader risk affecting energy routes including the Strait of Hormuz.
- One outlet reports the move continues into late trading, with prices still elevated after the initial announcement.
The price of Brent crude soared after Iran’s Houthi allies in Yemen claimed strikes on two Saudi tankers. President Trump warned that the U.S. would hold Iran directly responsible for further attacks by the group.
1 hour agoOil prices posted their biggest single-day jump in weeks as the Houthi naval blockade spread beyond the Strait of Hormuz for the first time
1 hour agoBrent crude hit $100 a barrel for the first time in two months after Iran-backed Houthi militants said they attacked two Saudi Arabian tankers in the Red Sea, escalating the Middle East conflict and threatening deeper supply disruptions.
2 hours agoBrent crude rose to over $98 a barrel following the news that the rebel group attacked the vessels in the Red Sea.
4 hours agoOil prices hit their highest in nearly two months today, rising for a fifth day after Yemen's Houthis said they struck two Saudi oil tankers, widening disruption to global oil shipping through both the Red Sea and the Strait of Hormuz.
7 hours agoOil prices rose sharply in post-settlement trading Wednesday, with Brent crude oil rising near $95 a barrel after Yemen’s Iran-backed Houthi rebels said they struck two Saudi tankers.
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