The price of the benchmark international oil contract, Brent North Sea, has reached $100 a barrel in trading after Yemen’s Houthi rebels struck oil tankers in the Red Sea, AFP reports.
Brent has soared more than six per cent to hit the $100 level, as the attacks potentially open a new front in the Middle East war with President Donald Trump threatening the rebels with “major military punishment”.
The main US oil contract, West Texas Intermediate, rallies 5.0pc to $91.19 a barrel.
