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International Business Times
International Business Times
Business

Iran-Backed Houthis Launched a Large-Scale Attack Against Saudi Arabia. Oil Is Nearing $100 Again.

Oil Iran Saudi Arabia Egypt
Brent crude is nearing $100 a barrel on Tuesday after Iran-backed Houthis launched a large-scale attack against Saudi Arabia. (Credit: Getty Images)

Oil prices are climbing again on Tuesday after Iran-backed Houthi rebels launched a large-scale attack against Saudi Arabia.

Brent crude, the international benchmark, gained 1.69% and clocked in at $98.64 per barrel at 7:43 a.m. ET, while West Texas Intermediate, the U.S. benchmark, did so 2.56% and stood at $93.82 at the same time.

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