🛢️ Oil Surges Above $100 as Middle East Tensions Escalate
Oil prices climbed above $100 per barrel for the first time in two months after Iran-backed Houthi forces claimed missile and drone attacks on two Saudi oil tankers in the Red Sea.
The latest escalation adds a new layer of risk to global energy markets, with ongoing disruptions around the Strait of Hormuz already threatening critical oil supply routes.
As geopolitical tensions intensify, traders should expect higher volatility across oil, commodities, and broader financial markets in the days ahead.
$CL
Oil prices climbed above $100 per barrel for the first time in two months after Iran-backed Houthi forces claimed missile and drone attacks on two Saudi oil tankers in the Red Sea.
The latest escalation adds a new layer of risk to global energy markets, with ongoing disruptions around the Strait of Hormuz already threatening critical oil supply routes.
As geopolitical tensions intensify, traders should expect higher volatility across oil, commodities, and broader financial markets in the days ahead.
$CL