Economy / Markets
Brent above $108 as Red Sea and Hormuz disruptions keep oil on track for first $100 week since May
Oil prices are set to end the week above $100 a barrel for the first time in nearly four months, with Brent up about 1 percent at $108.68 and WTI near $103.45 in early Asian trade on Friday. The rally follows Houthi seizures of Yemen's Mocha port, sustained tanker attacks in the Strait of Hormuz, and the largest US-Iran strikes on shipping since their conflict began, keeping global energy supply risk firmly in focus.