Oil prices hover near $100 a barrel after attacks on Saudi oil tankers

Oil prices rose to nearly $100 a barrel after attacks on Saudi oil tankers in the Red Sea, with Brent crude climbing 6.1% to $99.78. U.S. President Donald Trump threatened military action against Houthi rebels in Yemen, who are backed by Iran, over the attacks, which could disrupt global oil flows alongside the Strait of Hormuz. Rising oil prices risk accelerating inflation and prompting central banks to raise interest rates, affecting economies and investments.