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Oil Prices Surge Amid Red Sea Crisis | Auckland News
Gas prices keep climbing, hitting $3.11 a liter for 91 petrol and $2.79 for diesel — up sharply in just 28 days — as global oil markets reel from escalating tensions between Iran and the U.S., plus Houthi rebels seizing a Red Sea port town. The Strait of Hormuz remains blocked, forcing Saudi Arabia to reroute oil via a Red Sea pipeline — now reportedly hit and offline. If repairs don’t happen fast, global supply could collapse, pushing prices even higher as Brent crude surges to $107 and WTI hits $102 a barrel. Listen in comfort:Get a discount on a Soli Pillow…
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