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Full coverage· Economy· Updated

Oil Prices Near $100 Amid Mideast Shipping Attacks

Oil prices are set to end the week above $100 a barrel due to increased attacks on Middle Eastern shipping routes, particularly from Yemen, raising concerns about supply disruptions. The U.S. diesel price has also hit a record high amid various global supply pressures.

2 newsrooms · 1 language · since

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What happened

  1. 01Oil prices are heading towards $100/barrel amid Mideast shipping attacks.
  2. 02Houthi seizure of Yemen's port threatens Red Sea navigation.
  3. 03Attacks from Yemen raise fears of long-term regional instability.
  4. 04U.S. diesel prices hit a record high of over $6 per gallon.
  5. 05OPEC lowers 2026 global oil demand growth forecast.
Translated and summarized by baba from Alarab, the latest report. Read Alarab’s original

The coverage

2 newsrooms on this story

Who covered it

  • LeftNone
  • CentreNone
  • RightNone
  • HarediNone
  • Arab2

How it broke

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