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IRGC To Trump: Strike Iran's Infrastructure, We'll Shut Off The Gulf's Power
Oil gained after Iran-backed Houthi militants said they targeted two Saudi Arabian tankers in the Red Sea, escalating the Middle East conflict and threatening deeper supply disruptions.
Brent spiked above $95 in post-settlement trading.
The Houthis attacked the two vessels with missiles and drones for violating a blockade imposed in the Red Sea, identifying the tankers as Encelia and Layla, the rebel group said.
UK Maritime Trade Operations said a vessel was hit southwest of Saudi Arabia's Al Shuqaiq, causing a fire on board.
UKMTO didn't identify the ship.
The first attacks on tankers in the Red Sea opens up a new front in the Middle East conflict, which has snarled traffic through the Strait of Hormuz following a flare-up in violence.