World · 5 August 2026
Oil prices rise above $80 after Houthis claim attack on Saudi tanker
Photo by Zbynek Burival on Unsplash
Brent crude went up by 74 cents on Wednesday, recovering from a sharp 5% drop the day before. The increase came after the Iran-aligned rebel group said it fired a missile at a ship near Yanbu, a major Saudi export port on the Red Sea. Tehran also rejected claims by US President Donald Trump that peace negotiations are currently taking place.
Reported by Reuters · How we write briefs