Oil prices rose above $100 per barrel Friday morning, according to market reports, after Yemen's Iran-backed Houthis targeted Saudi vessels in the Bab el-Mandeb Strait. The milestone marks the second time in two days the benchmark has crossed that level.
Oil prices crossed the $100 per barrel threshold for the second time in two days, after Yemen's Iran-backed Houthis opened a new front in the region's maritime tensions by targeting Saudi vessels in the Bab el-Mandeb Strait, according to market reports. The attack marks an escalation of Houthi operations against Red Sea shipping, which has already disrupted global trade routes. As The Zioneer reported Thursday afternoon, oil prices had first reached $100 per barrel in two months, driven by broader Middle East tensions. The latest spike extends that rally, with the Houthi strike adding a specific supply-chain concern in the Bab el-Mandeb, a critical chokepoint for oil shipments. The price surge comes amid a period of heightened volatility linked to the US-Iran confrontation, with prior spikes tied to sanctions, Hormuz closures, and threats. The Houthi attack is not yet confirmed to have caused casualties or major damage, but the market reaction reflects growing fears of a wider disruption to energy traffic.
Source and signal
A single-sourced dispatch is never rated Confirmed or Strong. Its Signal strengthens only when a second, independent source corroborates it.
- Internal intake