Oil Hits $100 a Barrel for First Time Since July After US and Houthi Strikes

Oil prices have climbed to $100 a barrel for the first time since July after US and Houthi strikes heightened fears of further disruption in the Middle East. The surge could increase fuel costs and add to inflationary pressure worldwide. Traders are assessing risks to shipping routes, production facilities, and regional exports as military tensions escalate. Governments are monitoring the market closely, while investors await signs of de-escalation and clearer information about the conflict’s potential impact on global energy supplies.