Oil Price Approaches $100 a Barrel After Attacks on Saudi Facilities – Business Live The threat of $100 a barrel oil has resurfaced, courtesy of the latest escalation in the ongoing conflict between Iran and Saudi Arabia.
Brent crude prices have risen to their highest level since July 24, casting a shadow over the global economy.
The recent attacks on energy facilities in Saudi Arabia by Yemen's Iran aligned Houthis are just the latest chapter in a decades long saga of violence and disruption in the Middle East.