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Oil prices up due to Houthi strikes and US threat to renew Iran war

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14h agonow

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The National
“Oil prices up due to Houthi strikes and US threat to renew Iran war”

Oil prices rose on Wednesday, recovering losses this week, as more Houthi attacks on Saudi Arabia and the prospect of a renewed US military offensive against Iran kept supply fears elevated. Brent, the benchmark for two thirds of the world's oil, was up 0.87 per cent at $114.87 a barrel at 2pm UAE time. West Texas Intermediate, the gauge that tracks US crude, added 1.59 per cent to $101.49 a barrel. Crude prices were up by more than 2 per cent earlier in the session, and are virtually flat for…

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