Middle East Tensions Push Oil Prices Above $105
🐿️ The Squirrel's Take
Hoard sunflower seeds now because $5 gas is coming and your winter nut budget will crack.
💡 Why it matters
Higher oil and borrowing costs will squeeze household budgets and slow economic growth worldwide.
Oil prices surged to $105 a barrel, with Brent crude exceeding $106, as Middle East hostilities escalate and Houthi forces threaten the Bab el-Mandeb strait. Borrowing costs also rose amid fears of prolonged conflict impacting global supply chains.
📡 Where we spotted it (3)
BBC News
Oil, gas and borrowing costs surge as fears over Middle East escalate
18d ago
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france24.com
Middle East live: Houthis close in on Bab el-Mandeb as Brent barrel price soars to over $106
18d ago
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barrons.com
Tight Supply Worries Lift Oil as Middle East Conflict Heats Up
18d ago
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