Markets

Oil jumps to $98 after Houthis attack two Saudi Arabian oil tankers

Yemeni rebels say they used missiles and drones to target the vessels Encelia and Layla

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DW NOTE

The ceasefire covered the Gulf, not the Red Sea. The Houthis answer to Iran when it suits them and ignore Iran when it doesn't. Fourteen million barrels a day are still offline from the Hormuz closure — this is two tankers getting clipped in a secondary theater while crude sits nearly $10 below the article's headline figure.

Read the full story at Financial Times →

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Oil jumps to $98 after Houthis attack two Saudi Arabian oil tankers

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Brent Breaks $100 for the First Time in Nearly Two Months

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