Oil climbs to near six-week high as conflict threatens key routes
Oil prices rose to their highest in almost six weeks on concerns about disruptions to Middle Eastern supply routes because of escalating hostilities between the US and Iran and threats to shipping by the Iran-backed Houthi militia in Yemen.
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Video Summary
AI GeneratedOil prices have surged over 4% to a six-week high, with Brent crude exceeding $95 per barrel. This spike is driven by escalating tensions between the US and Iran, alongside threats from Houthi militias in Yemen, creating significant instability and potential disruptions across critical Middle Eastern shipping routes.
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