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The price of crude oil is rising again following Houthi claims of attacks on tankers in the Red Sea. What could it mean for gas prices, inflation and the global economy?
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Oil futures climbed sharply Thursday, with global benchmark Brent crude topping $100 a barrel for the first time since May, after Yemen's Houthi militants claimed attacks on two Saudi Arabian tankers in the Red Sea.
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Equity rally and inflows from institutional investors take global assets under management up by over $400bn
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The recent rebound reflects traders' growing concern about the expanding war, which now extends from the Persian Gulf to the Red Sea.
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