Houthis Tighten Grip on Yemen’s Red Sea Coast, Threaten Vital Shipping Route: Brent Crude Surges Above $108 as Iran War Deepens
Houthis’ advance along Yemen’s Red Sea coast is raising shipping and oil-supply concerns as Brent crude tops $108 amid the Iran war.
A group called the Houthis is taking control of areas near shipping routes, which makes people worried about oil delivery and prices. When people fear oil might get hard to find, the price of oil goes up, which can affect gas prices and companies that use a lot of energy.
Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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