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Oil hits $100 a barrel for first time since July after US and Houthi strikes

By GhanaSummary Newsroom1 min read
Oil hits $100 a barrel for first time since July after US and Houthi strikes

Oil prices rose past $100 (£74) a barrel on Wednesday after further strikes in the US and Iran conflict and continuing Houthi attacks in Saudi Arabia.

Tehran responded by launching missiles at a US base in Jordan - most of which were shot down - and said it attacked two US vessels and eight oil tankers in the Strait of Hormuz.

Yemen's Iran-backed Houthi movement also attacked oil facilities in Saudi Arabia on Tuesday and have been targeting tankers in the Red Sea.

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