Oil jumps as Iran, Houthis step up Gulf attacks
Brent crude settled up 4.1% at $104.27 a barrel and WTI rose 4.1% to $91.87 after attacks on shipping near Qatar and strikes in Riyadh heightened Middle East tensions.
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Brent crude settled up 4.1% at $104.27 a barrel and WTI rose 4.1% to $91.87 after attacks on shipping near Qatar and strikes in Riyadh heightened Middle East tensions.
U.S. strikes on Iranian targets near the Strait of Hormuz sent Brent above $95 and WTI over $90, while USO and BNO rallied and defense contractors slipped.