Oil supply disruptions increased on Thursday when prices rose to above $100 following Yemen's Iran-backed Houthis' attacks on two Saudi oil tankers in the Red Sea.

Oil supply disruptions increased on Thursday when prices rose to above $100 following Yemen's Iran-backed Houthis' attacks on two Saudi oil tankers in the Red Sea. Link Oil settles over $100 as Houthi attacks intensify Middle East supply risks Oil prices rose above $100 for the first time since May after Yemen's Iran-backed Houthis opened a new front in the Iran war by targeting Saudi vessels in the Bab el-Mandeb Strait.