Oil prices rise over $3 as new Houthi strikes hit Saudi pipeline

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AI-generated summary of the coverage listed below: Brent crude futures climbed $3.62 to $108.23 per barrel, while WTI futures rose $3.15 to $103.20, after fresh Houthi attacks on a Saudi oil facility in the Red Sea. The strikes disrupted a key pipeline, prompting concerns over supply disruptions in the Strait of Hormuz. The price jump reflects market fears of further Middle East tensions affecting global oil supply.

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