Houthi attack on Saudi tankers drives Brent past $100 per barrel, stresses India’s crude routes
The Houthi movement attacked two Saudi Arabia-flagged tankers in the Red Sea, causing Brent crude prices to surge 6.2% to $99.94 per barrel, briefly crossing the $100 mark. This marks the first time Brent has reached this level in two months, reflecting heightened tensions in West Asia. The incident raises concerns over the security of India's crude oil supply routes, which are heavily reliant on stable oil prices.