Oil price storm past $100 as fresh escalations stem chaos

Oil prices climbed above $100 a barrel as traders assess two new supply threats: a strengthening storm approaching the US Gulf energy region and attacks involving Yemen's Iran-backed Houthis in Saudi Arabia. Brent crude moved above $101 while WTI crossed $90. Rising Middle East exports are providing some relief, but falling US inventories and geopolitical risks continue to support prices.