Oil prices jump after Yemeni Houthis attack Israel, widening Iran conflict
Reuters·2026-03-29 22:17
Core Viewpoint - Oil prices have surged following attacks by Yemen's Iran-aligned Houthis on Israel, indicating an escalation in the Middle Eastern conflict and its impact on global oil markets [1]. Group 1: Oil Price Movements - Brent crude futures increased by $3.16, or 2.81%, reaching $115.73 per barrel after a previous settlement that was 4.2% higher [2]. - U.S. West Texas Intermediate rose by $3.13, or 3.14%, to $102.77 per barrel, following a 5.5% gain in the prior session [2].