Brent crude jumps above $106 after Houthi attack against Saudi sites
Crude oil futures rose sharply on Thursday as tensions in the Middle East escalated following a series of Houthi attacks on Saudi targets. The Iranian-backed group launched six ballistic missiles, which were intercepted by a Saudi-led coalition. This development has raised concerns about potential disruptions to global energy supplies and increased geopolitical risks. Brent crude oil prices climbed above $106 per barrel amid the volatility in trading sessions. Investors are closely monitoring developments as any escalation could impact regional stability and oil production infrastructure, particularly given Yemen's strategic location near key shipping lanes for global oil exports.
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