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Oil nears $100 as fresh Middle East strikes raise supply risks

By GhanaSummary Newsroom1 min read
Oil nears $100 as fresh Middle East strikes raise supply risks

The Middle East war intensified ​on Tuesday with Iranian-backed Houthis in Yemen launching strikes on several Saudi cities, further embroiling a U.

The latest attacks threaten to deepen disruptions to Middle ​East oil supplies, ​already strained ⁠by strikes on regional energy infrastructure and key shipping lanes.

Oil prices rose for the fourth straight session, gaining more than $1 ​in early trade on Wednesday after renewed attacks across ‌the Middle East heightened worries about supply disruptions.

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