Oil Prices Surge Toward $100 After Houthi Attacks on Saudi Facilities

Saudi Arabia vows to respond after Houthis attack cities and energy facilities

The Iran-backed Yemeni group's attacks have injured 73 people and caused fires at oil facilities, Saudi authorities say.

Oil Climbs Toward $100 a Barrel Following Houthi Attacks

Analysts said they expected the price of Brent crude, the international benchmark, to remain elevated for the rest of the year.

By Lisa Friedman

Iran-backed attacks threaten a second major oil chokepoint as new risk emerges for US consumers

Houthi missiles and drones struck Aramco facilities across Saudi Arabia, threatening to squeeze both the Strait of Hormuz and Bab el-Mandeb.

Oil Price Today (September 9): Crude oil at $99 as Iran attacks US base in Jordan. Can liquid gold hit $120?

Oil markets reacted sharply on Wednesday as Iran renewed its assaults on U.S. military installations. Strikes by the Revolutionary Guards on American destroyers and a Jordanian base marked a direct counter to U.S. attacks on their oil tankers. Analysts caution that should shipping turmoil escalate, oil prices might spike to $120 per barrel, intensifying fears over crude supply stability worldwide.

Oil prices push toward $100/bbl after Houthis attack multiple Saudi energy facilities