Get all your news in one place.
100's of premium titles.
One app.
Start reading
International Business Times
International Business Times
Business

The Houthis Struck Two Saudi Ships In The Red Sea. Oil Is Jumping Further, With Brent Topping $100

Brent crude is getting close to $100 a barrel again after the Iran's Houthi allies struck two vessels carrying Saudi oil in the Red Sea.

Oil prices soared on Thursday after Iran's Houthi allies struck two vessels carrying Saudi oil in the Red Sea as clashes in the Middle East continue to escalate.

Brent crude, the international benchmark, jumped 5.44% and clocked in at $99.14 per barrel at 8:38 a.m. ET, while West Texas Intermediate, the U.S. benchmark, soared 4.34% and stood at $90.60 per barrel at the same time. The former later topped $100 per barrel.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.