Oil holds above $100 as Red Sea attacks and Kazakhstan outage tighten supplies

Oil prices have sharply rebounded, exceeding one hundred dollars per barrel. Attacks on Saudi oil tankers in the Red Sea have revived supply fears. Kazakhstan's oil exports also faced disruptions, adding to global concerns. This marks a significant reversal from recent price declines seen earlier. These events have tightened the noose around global energy supply routes.

By TOI BUSINESS DESK