Oil Extends Gains Following Houthi Strikes on Saudi Arabia The recent surge in oil prices has left many wondering if the market is once again careening out of control.
Amidst reports of fresh Houthi strikes on Saudi Arabia and attacks by Iran on ships in the Gulf, futures for Brent crude and West Texas Intermediate have climbed to unprecedented heights.
The closure of the East West pipeline in Saudi Arabia is just the latest example of how these tensions are playing out on the world stage.