Oil prices near $100 a barrel after US attacks Iran and Houthis hit tankers in Red Sea – as it happened

Oil prices have approached one hundred dollars a barrel as tensions flare in the Red Sea. Per The Guardian, two Chinese supertankers carrying four million barrels of Saudi Arabian oil are attempting to exit the contested waters on Thursday, even as a Saudi tanker came under attack. The passage of the ships will test how strictly the Houthis enforce the naval blockade on Saudi Arabia they announced on Monday.

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