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Crude Oil Skyrockets As Middle East Crisis Deepens With Houthi Attacks On Saudi Tankers

Geopolitics & WarEnergy Markets & PricesCommodities & Raw Materials

Crude oil extended four straight sessions of gains on Thursday, rising on renewed Middle East risk after Iran-backed Houthis attacked two Saudi Arabian tankers in the Red Sea. The market reaction reflects escalating supply disruption concerns, but the news is more focused on energy prices than broader policy or macro data.

Analysis

Crude oil extended four straight sessions of gains on Thursday, rising on renewed Middle East risk after Iran-backed Houthis attacked two Saudi Arabian tankers in the Red Sea. The market reaction reflects escalating supply disruption concerns, but the news is more focused on energy prices than broader policy or macro data.

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