Middle East conflict impacts oil prices
Oil Prices Climb Amid Middle East Conflict Fears
Oil prices increased due to fears of U.S. military escalation against Iran and Houthi militant threats to Saudi Arabia's largest oil refinery.
Oil prices rose amid concerns over Middle East energy stability. Yemen's Houthi militants claimed responsibility for targeting Saudi Arabia's largest oil refinery, while fears of U.S. military escalation against Iran also contributed to the price increase.