Oil Soars as Red Sea Tensions Escalate | Belfast News

Oil surges to $100 a barrel as Middle East tensions flare, with Trump blaming Iran for Houthi attacks on Saudi ships and warning of military action. A potential naval blockade in the Red Sea threatens global shipping, raising fears of prolonged supply disruptions and pushing analysts to forecast prices above $85 for the year. Meanwhile, energy stocks like Shell and BP climb amid the spike, while London markets dip. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/16fe156b1358de88