"Geopolitical Tensions Propel U.S. Crude Oil Prices to New Highs"
TL;DR Summary
Oil prices surged over 4% to surpass $75 a barrel after the U.S. and Britain conducted military strikes against Houthi-controlled areas in Yemen, escalating tensions in the Red Sea. The targeted strikes were in response to Houthi attacks on vessels, including those from the U.S. and Israel, amid the war in Gaza. The leader of the Houthi group vowed to respond to any American aggression, prompting U.S. President Joe Biden to emphasize the commitment to protect personnel and international commerce in the region.
- U.S. crude oil tops $75 after strikes against Iran-backed Houthis CNBC
- Oil Latest: Brent Rises as Much as 2.5% on Airstrikes Bloomberg Television
- Oil prices rise 4% as US-led strikes in Yemen raise fears of wider conflict CNN
- Oil soars as US, UK strike on Houthis stirs up geopolitical worries Reuters
- US & UK Strike Yemen, Oil Jumps & Private Credit Refunds | Bloomberg Daybreak: Europe Edition Bloomberg Podcasts
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