Brent crude oil surged above $100 per barrel for the first time in months Thursday as Houthi attacks on Saudi oil tankers in the Red Sea heightened concerns over energy supply disruptions in the Middle East. The Iran-backed rebel group's targeting of Red Sea shipping escalated regional tensions and renewed fears of global stagflation among financial markets and central banks. U.S. benchmark West Texas Intermediate crude also advanced sharply amid the geopolitical uncertainty.
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