Oil falls below $100 a barrel despite attacks on Saudi Arabian ships
The cost of Brent crude dropped nearly 2%, but at roughly $99 it stays well above the pre-conflict rate of $72. Supplies remain squeezed after two Saudi vessels were reportedly struck overnight near Yemen, where Iran-backed Houthi rebels are blockading the strait. UK gas prices have also slipped from their March peak, though European heatwaves are keeping them elevated as people blast their air conditioning.
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