Business · 8 June 2026

Oil prices jump as Red Sea shipping threatened

Oil prices are climbing, making things more expensive, as a vital shipping route in the Red Sea faces new threats. Yemen's Houthi rebels said Monday they'd ban Israeli-linked ships from the Red Sea after Israel attacked Iran. Brent crude oil went up 2.4% to $95.32 a barrel because of the rising tensions.

By BriefTea Editorial · 8 June 2026 at 19:42

Reported by Reuters · How we write briefs

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