Oil prices rise 4% as US-led strikes in Yemen raise fears of wider conflict
Headline from KTVZ Bend
By Matt Egan, CNN New York (CNN) — US-led airstrikes on Houthi targets in Yemen rattled energy markets on Friday, sending oil prices sharply higher. US crude climbed 4.2% to $75 a barrel in recent trading. Brent crude, the world benchmark, jumped 4% and crossed over the $80-a-barrel level.
KTVZ Bend's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
By Matt Egan, CNN New York (CNN) — US-led airstrikes on Houthi targets in Yemen rattled energy markets on Friday, sending oil prices sharply higher. US crude climbed 4.2% to $75 a barrel in recent trading. Brent crude, the world benchmark, jumped 4% and crossed over the $80-a-barrel level.
The US and its allies launched airstrikes on more than a dozen Houthi targets in Yemen, in retaliation for a spate of attacks on merchant vessels in the Red Sea.
Brent crude futures surged beyond $80 a barrel for the first time this year, after U.S.-led strikes against rebel Houthi targets in Yemen stoked concerns about an [escalation of conflict in the Middle East](https://www.wsj.com/world/middle-east/u-s-led-yemen-strikes-heighten-risk-of-broader-middle-e
Oil prices jumped over 2 percent after the US and UK carried out strikes on Houthi-controlled areas in Yemen, amid fears of an escalation of the conflict in the Middle East. Major shipping companies…
Oil jumped as the US and its allies launched airstrikes against Houthi rebels in Yemen, retaliating for attacks on ships in the Red Sea that have imperiled flows of fuel and goods through the vital waterway.
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