Global oil prices up 3% as Iran war escalates, Yemen’s Houthis launch attacks on Israel
International crude oil prices rose more than 3% on Monday morning as the West Asia war escalated, with Yemen’s Houthi militants opening a new front through missile and drone attacks on Israel.
Around 6:30 am, the May contract of Brent crude on the Intercontinental Exchange was at $115.91 per barrel, up 3.00% from its previous close. The May contract of West Texas Intermediate on the NYMEX rose 3.03% to $102.61 a barrel.
