Oil Prices Surge Above $100 Amid Red Sea Attacks and Kazakhstan Export Disruptions
Oil prices have surged past $100 a barrel following attacks on Saudi oil tankers in the Red Sea and disruptions to Kazakhstan's oil exports. The attacks, claimed by Iran-aligned Houthi rebels, have raised concerns about the security of the Bab el-Mandeb shipping route, a critical passage for global oil transport. Additionally, Kazakhstan's main Black Sea export terminal has been temporarily closed due to suspected Ukrainian drone attacks, further tightening global oil supplies. These developments have led to significant gains in Brent and WTI crude prices. 
