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Brent crude saw an increase of 71 cents, or 0.9%, reaching $78.66 per barrel by 1512 GMT. The U.S. West Texas Intermediate crude for January, set to expire on Tuesday, rose by 88 cents to $73.35.
After a rise in attacks by the Iran-backed Houthis, the world's largest shipping firms are staying away from the Red Sea and Suez Canal. Could the world see a repeat of the post-COVID supply chain crisis?
LONDON: Oil rose on Tuesday, extending the previous session’s gains, after attacks by Yemen’s Iran-aligned Houthi...
After a rise in attacks by the Iran-backed Houthis, the world's largest shipping firms are staying away from the Red Sea and Suez Canal. Could the world see a repeat of the post-COVID supply chain crisis?
Since the attacks ramped up last month, at least 13 vessels have been subject to incidents in the area. Ambrey Intelligence puts the figure even higher.