Fri, 12 Jan 2024 11:31:35 GMT
Oil prices surge due to strikes on Houthis
As the United States and the United Kingdom have announced airstrikes on Houthis in Yemen, crude oil prices have surged. The surge is attributed to the potential escalation that would lead to another war in the Middle East.
By 11:00 GMT on Friday, Brent Crude oil was up 4.43% and US Light Crude was up 4.68%