Oil Jumps to $98 After Houthis Attack Saudi Oil Tankers

Oil prices increased to $98 following an attack on two Saudi Arabian oil tankers, Encelia and Layla, by Yemeni rebels using missiles and drones. This escalation impacts supply concerns in the oil market, resulting in a significant price change. The disruption of oil tankers is critical for investors to monitor, as it may lead to further price volatility if tensions continue. Such events can affect overall market sentiment regarding energy investments.