Brent crude rose 2.4% to over $99 on Tuesday after Houthi rebels claimed attacks on targets in Saudi Arabia.
Yemen's Houthi rebels claimed a new round of attacks on targets within Saudi Arabia on Tuesday, forcing the kingdom to halt operations at several energy facilities in the south. Meanwhile, Iran warned it would attack oil tankers in the ports of Kuwait and Bahrain. Affected by this, Brent crude futures rose 2.4% on Tuesday, breaking above $99 and approaching $100 per barrel.
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