Oil prices rose again on Friday, with both major benchmarks on track to finish the week above $100 a barrel for the first time since mid-May. This rise occurred as increased attacks along key Middle East shipping routes heightened concerns about a prolonged disruption to oil supplies.
Iran-aligned Houthis took control of Yemen's port of Mocha on Thursday, creating another threat to shipping through the Red Sea. Traffic through the Strait of Hormuz also remains restricted, with tanker attacks in the region intensifying in recent days.
