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Futures tracking Canada’s main stock index fell on Thursday as rising oil prices fueled inflation concerns and reinforced expectations for higher-for-longer interest rates. Crude prices climbed after further Houthi attacks in Saudi Arabia heightened fears of a broader escalation in the Middle East conflict and prolonge
Gold prices fell to around $4,080 an ounce on Thursday, hitting their lowest level since early August, as rising oil prices heightened inflation concerns ahead of next week’s Federal Reserve policy decision. Brent crude climbed to its highest level since May after renewed Houthi attacks in Saudi Arabia raised fears of
Crude oil climbed above $100 a barrel on Tuesday, reaching its highest level in more than four weeks as renewed Houthi attacks and reports of vessel strikes in the Gulf heightened concerns over Middle East supply security. Yemen’s Iran-aligned Houthi movement claimed responsibility for attacks targeting Saudi energy, a
Oil hits $110 a barrel on heightened regional tensions Aid agencies warn of worsening conditions in Yemen Saudi authorities issue warnings in some areas (Adds details throughout) Oct 16 (Reuters) — Missiles struck Aden International Airport in southern Yemen on Friday, while a Saudi-led military coalition said it had i
Bloomberg’s Stuart Livingstone-Wallace discusses escalating clashes between Houthi forces and the Saudi-led coalition around the Bab el-Mandeb strait. He explains how recent Houthi strikes on key Saudi targets mark a renewed security challenge that is pushing oil prices higher. ()
Crude rose above $94 a barrel to three-month highs after Iran said it struck two American vessels and eight oil tankers in the Gulf, warning Persian Gulf shipping to abandon vessels.
Brent crude rose above $99 a barrel to its highest level in nearly seven weeks, nearing the $100 threshold amid Iran attacks on US vessels and oil tankers in the Gulf. Additional regional strikes add supply disruption risk.