Oil prices jump more than 2% after new strikes on Saudi, Strait of Hormuz

Oil prices jumped over two percent on Monday, driven by fresh attacks from Houthi militants and Iranian forces. This escalation has heightened fears of supply disruptions after a crucial Saudi oil pipeline was compromised. A vessel in the Strait of Hormuz was hit, resulting in a fire and the evacuation of its crew.

This story was originally reported by Economic Times — Markets. As an automated real-time news aggregator, NewsToolBar provides multi-perspective indexing and AI summarization while directing full readership directly to primary publisher sources.