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The Economic Times
The Economic Times
Business
Akash Podishetti

Brent crude oil price surges past $100 as Houthi tanker attacks in Red Sea rattle markets

Brent crude rose more than 6% in late Thursday trading to above $100 a barrel, its highest level in eight weeks. US crude also climbed for a second straight session, rising more than 5% to nearly $92 a barrel, the highest since June 11.

The latest jump came after Tehran-backed Houthi rebels claimed attacks on two Saudi oil tankers in the Red Sea. The group had earlier announced a naval blockade on the kingdom.

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