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Oil prices spike as Houthis say they struck Red Sea tankers

The Hill · back to the audit

Oil prices have jumped as the conflict with Iran escalates, this time with attacks on ships in the Red Sea by the Houthi militia group aligned with Tehran. On Thursday, international benchmark Brent crude crossed the $100 mark, with futures trading at about $101 per barrel, up more than $25 from where it was trading during the U.S.-Iran ceasefire in July. The price of gasoline in the United States was also up Thursday, averaging about $4.09 per gallon nationally, according to AAA.