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Everything that happened in Oil surges past $100 on Middle East tensions

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FinanceTimes of India

Oil holds above $100 as Red Sea attacks and Kazakhstan outage tighten supplies

in5points
  1. Brent crude rose above $100 per barrel, its highest since May, after Houthi rebels attacked two Saudi oil tankers in the Red Sea.

  2. The Bab el-Mandeb shipping route, which links the Red Sea to the Indian Ocean, faces potential disruption from Houthi attacks.

  3. Kazakhstan's oil exports were disrupted after suspected Ukrainian drone attacks forced closure of the Caspian Pipeline Consortium's Black Sea export terminal.

  4. Iran-aligned Houthis announced a naval blockade on Saudi Arabia, escalating supply fears.

  5. US President Donald Trump warned of holding Iran responsible and threatened major military punishment against Houthi rebels.

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