Global crude oil prices surged past the $100 per barrel mark on Thursday for the first time since May, sending shockwaves through international energy markets. Brent crude futures catapulted by over six percent in afternoon trading to settle at $100.60 per barrel. The sharp increase came in the wake of Houthi attacks on oil tankers, which disrupted key shipping routes and stoked fears of supply shortages. Analysts warn that sustained prices above $100 could fuel inflation and raise costs for consumers worldwide, particularly in import-dependent nations. The development marks a significant milestone in the ongoing geopolitical tensions affecting global energy security.
Article source: egyptdailynews.com | Image credit: x.com
Interior designer Bhyman Madhoo shot dead in his vehicle during a staged site visit in
55 Undocumented Migrants Detained in Overnight Security Sweep at Curepe Recreation Club
Government to Bring Back ZOSO Bill After Failing to Secure Senate Support Earlier This Year
Trinidad and Tobago brace for heavy rain and thunderstorms as the Intertropical Convergence Zone moves
Celebrating 65 years of leadership: Pennelope Beckles‑Robinson’s birthday marks a legacy of public service.
How are tips verified? See how reporters assess messages, footage and claims before publication, protecting…