Rising Oil Prices Amid Houthi Attacks in the Middle East
Oil prices climbed above $105 per barrel on Monday due to renewed attacks by Yemen's Houthi rebels against Saudi Arabia. The escalation has raised concerns about potential disruptions to global energy supplies and a broader regional conflict, contributing to inflation fears among investors. The dollar gained strength slightly as markets sought refuge in safer assets amid the geopolitical uncertainty. Analysts are monitoring whether these tensions could lead to more sustained volatility in oil prices or trigger further economic impacts globally.
Topics: Brent_crude geopolitical_risk oil