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Oil Soars Past $100 Amid Red Sea Chaos | Sacramento News
Oil just surged past $100 a barrel as Houthi rebels in Yemen, backed by Iran, disrupt shipping in the Red Sea — a chokepoint for 7% of global oil. The spike is pushing gas prices above $4 a gallon and rattling the Fed’s rate-cut plans, with inflation fears rising. Meanwhile, U.S. military activity escalates in the Middle East, including refueling missions to Israel and strikes on Iran, sending markets into turmoil and Treasury yields higher. This isn’t just regional chaos — it’s hitting wallets and markets worldwide. Listen in comfort:Get a discount on a Soli Pillow…
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