Oil Prices Rise for Fifth Day Amid Supply Concerns and Chokepoint Threats
Oil prices climbed on Thursday, marking a fifth consecutive day of gains due to rising concerns over global supply disruptions. Tensions in the Red Sea from Houthi attacks on tankers and U.S.-Iran strikes near the Strait of Hormuz have raised fears about chokepoints critical for oil shipments.
Topics: geopolitical tensions oil prices Red Sea attacks Strait of Hormuz supply concerns