Oil prices rose after the start of the US-UK attack on Yemen

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The price of Brent crude oil rose to 80 dollars per barrel this year 




Crude oil prices jumped 4 percent on the global market after the United States and the United Kingdom launched strikes on Houthi positions in Yemen in retaliation for attacks on commercial ships in the Red Sea.


According to BBC, the price of Brent crude oil has risen to 80 dollars per barrel this year. If the price increases in this way, it is feared that the situation may repeat itself as the price of oil increased during the Russian invasion of Ukraine.


Brent crude oil prices rose 4 percent to $80.71 a barrel on Friday. And US West Texas Intermediate crude increased by 4.1 percent to 74.03 dollars per barrel.

The UK government is worried about the negative impact on the UK economy if the attacks on ships in the Red Sea continue. If the crisis continues, the price of natural gas will increase by 25 percent and the price of oil will increase to 10 dollars per barrel in the UK.


Yemen's pro-Iranian Houthis began targeting commercial ships in the Red Sea in mid-October last year with the support of Hamas in Gaza. They claim that Israel has a connection with the ships.


In response to this Houthi attack, the United States and the United Kingdom attacked Houthi positions in Yemen on Friday. US and UK warplanes, ships and submarines carried out the attacks across Yemen.


The Houthis then reported that 5 of their fighters were killed in a total of 73 airstrikes

The Houthis then reported that 5 of their fighters were killed in a total of 73 airstrikes. They will respond to these attacks and will not stop their attacks on commercial ships in the Red Sea.


The British government fears that if the Houthis launch more attacks on ships in the Red Sea out of a desire for revenge, the impact on cargo shipping could lead to a severe crisis in the fuel market.

​

Location: Bangladesh

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