Global oil prices have surged to a 14-year high, surpassing the $100 mark, as tensions escalate in the Middle East. The Houthi militia group, aligned with Iran, has launched a series of attacks on ships in the Red Sea, sparking concerns about the stability of the world's oil supply. The sudden spike in crude prices has sent shockwaves through the global economy, with international benchmark Brent futures trading at around $101 per barrel, a staggering increase of over $25 from just a short time ago. As the conflict between Iran and its regional adversaries continues to intensify, investors are bracing for further volatility in the oil markets, which could have far-reaching consequences for consumers and businesses worldwide.
Oil prices have jumped as the conflict with Iran escalates, this time with attacks on ships in the Red Sea by the Houthi militia group aligned with Tehran. On Thursday, international benchmark Brent crude crossed the $100 mark, with futures trading at about $101 per barrel, up more than $25 from where it was trading during...
