Oil prices surge above $100 a barrel for first time since May

Oil prices have surged above one hundred dollars a barrel for the first time since May, driven by escalating tensions in the Middle East. Per France 24, Yemen's Iran-backed Houthi rebels have targeted Saudi oil tankers in the Red Sea, adding to concerns about the Strait of Hormuz. The situation intensified as Donald Trump said he was considering a massive attack on Iran, prompting Iran to warn it would hold accountable any nation supporting a US strike.

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