Oil prices climb as Middle East tensions flare

📡 CNBC Top News 2h ago · 1 min read ·

Part of composite article Oil Shock: Middle East Tensions Push Prices Up as 11.7 Million More Women and Girls Face Hunger View full article →

Oil prices rose on Monday as fears of supply disruptions grew, driven by escalating tensions in the Middle East. The increase comes as clashes intensify between Iran-backed Houthi forces and Saudi Arabia, raising concerns about the security of oil shipments from the region. Traders are watching the situation closely. Any threat to supply routes or production can quickly push prices higher.