NewzOn Thursday, September 24, the price of Brent crude oil for November delivery rose by 3.41% to close at 106.60 dollars per barrel in the London futures market. The increase was driven by market fears regarding potential supply disruptions following a fresh escalation of attacks in the region.
The price surge occurred after Yemen's Houthi rebels, who are aligned with Iran, claimed responsibility for a series of missile and drone strikes targeting Saudi Arabia. The operations specifically struck the Saudi capital of Riyadh as well as an Aramco state oil company facility located in Yanbu along the Red Sea coast.
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