Oil tops $100 as Red Sea threat revives supply fears

Crude prices are climbing again after Houthi claims of attacks on tankers in the Red Sea, raising fresh questions about fuel costs, inflation and global trade. Oil markets are reacting sharply to a new escalation in the Red Sea, where Houthi claims of attacks on tankers have renewed worries about the security of one of the world’s most important shipping corridors. In trading tied to those concerns, crude has moved back above $100 a barrel, a level that tends to send a signal well beyond energy markets. For consumers, the most immediate question is whether higher crude will filter through to gasoline and diesel prices. That usually does not happen overnight, and it does not happen in a straight line. Refiners, distributors and retailers all influence what drivers see at the pump. But sustained increases in oil often work their way through the system, especially if shipping disruptions keep fuel markets nervous for more than a few days. Energy is a key input in transportation, manufacturing and agriculture, so a jump in oil can raise costs across the economy.

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