Quartz·1 min read·medium
Oil climbs past $100 as Gulf storm and Houthi attacks on Saudi Arabia raise supply fears
✦AI Summary
Brent crude oil prices have risen above $101 per barrel due to supply disruptions in the U.S. Gulf and geopolitical tensions in Saudi Arabia. These factors have created significant concerns regarding global energy supply stability.
Why it matters
Rising oil prices directly impact global inflation, transportation costs, and the broader economic outlook.
Brent crude held above $101 a barrel Wednesday as nearly 10% of…
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