Fuel / NEWS UPDATE
Oil Prices Dip but Hold Above $100 as Middle East Supply Threats Mount
Published · 1 min read
Crude oil prices have dipped but remain above $100 per barrel, with Brent crude trading at $114.42 and West Texas Intermediate at $100.97.
Hostilities between Yemen's Houthis and Saudi Arabia, along with Iranian attacks on tankers in the Persian Gulf, continue to threaten oil supplies. Data shows at least 28 vessels were attacked in the Strait of Hormuz this month, with 11 supertankers damaged, raising concerns about oil supply disruptions.