Crude Oil is trading higher at $103.25, up +3.20%, as Houthi control of Yemen’s Mokha port raises fears of prolonged Red Sea shipping disruptions.
- Reuters-linked coverage reported that attacks on Saudi energy facilities and restricted Strait of Hormuz traffic intensified supply concerns.
- The move extends a sharp weekly rally, with prices remaining above $100 amid elevated Middle East geopolitical risk and constrained regional oil flows.