Brent crude rises above $100 as Mideast conflict escalates
Benchmark Brent crude oil futures surpassed $100 a barrel for the first time since late July, driven by escalating conflict in the Middle East and concerns over regional oil flows. Prices have increased by approximately 25% over the past month amid fading hopes for resolving the US-Iran crisis.
The price surge and ongoing conflict threaten oil supplies and could lead to further market volatility, impacting global energy prices and economic stability.
The episode also covers Houthi attacks on Saudi energy infrastructure and their potential impact on Red Sea shipping routes.
