Oil Could Hit $120 – Houthis Block Red Sea, Hormuz Fears Grow

Brent crude is trading below $100 per barrel on Friday, but analysts warn prices could surge to $120 if supply disruptions worsen. Yemen's Houthi militants are blockading the Red Sea, while investors also fear a potential closure of the Strait of Hormuz. The combination of both chokepoints threatens serious disruption to global oil markets.