Oil's $100 comeback: Brent hits a three-month high as Red Sea tensions escalate

Crude oil prices surged past one hundred dollars per barrel amid Middle East tensions. Houthi attacks on Saudi oil tankers in the Red Sea caused market concern. This escalation has heightened fears over global energy supply safety and stability. Domestic crude futures also climbed significantly, mirroring the international price rally. Geopolitical risks are now the primary driver for the current oil market surge.