U.S. crude oil tops $75 briefly then fades after strikes against Iran-backed Houthis
Publishing timestamp: 2024-01-12 15:03:12
Summary
Oil prices rose after the US and UK carried out military strikes against Houthi-controlled areas of Yemen. The strikes were a response to attacks on personnel and freedom of navigation. The tensions in the Red Sea have led to longer and more expensive shipping routes, pushing up ocean freight rates. The leader of the Houthis vowed to respond to any American aggression.
Sentiment: MIXED
Keywords: wti crude (mar'23), oil and gas, iraq, gaza, government and politics, breaking news: markets, united states, commodity markets, syria, yemen, foreign policy, joe biden, energy, business news, brent crude oil (dec'20),
Source: https://www.cnbc.com/2024/01/12/oil-prices-jump-as-us-britain-strike-on-houthis-in-yemen.html