Oil prices rise as Iran targets vessels in Strait of Hormuz; Houthis seize critical Yemeni port

Oil prices climbed Thursday after Iranian forces said they targeted two U.S. vessels near the Strait of Hormuz and Iran-backed Houthi rebels seized a key port city on Yemen's western coast.

Oil prices rise as Iran targets vessels in Strait of Hormuz; Houthis seize critical Yemeni port

TL;DR

  • Oil prices increased on Thursday.
  • Iranian forces claimed to have targeted two U.S. vessels near the Strait of Hormuz.
  • Iran-backed Houthi rebels seized a key port city on Yemen's western coast.