Oil prices rose on Wednesday, recovering losses this week, as more Houthi attacks on Saudi Arabia and the prospect of a renewed US military offensive against Iran kept supply fears elevated.
The US has warned citizens against travelling to Saudi Arabia, Bahrain, Iran, Iraq, Jordan, Lebanon, Kuwait, Oman, the UAE, Qatar, Syria, Yemen and Israel. All of the advisories referred to the threat of “terrorism”.
Crude Oil prices continue to rally on Thursday, with Brent crude trading above $110 per barrel, as fresh Houthi attacks in Saudi Arabia heightened concerns over regional security, shipping routes and oil supplies.