Oil prices surged on September 15 as Brent Crude rose 1.67% to reach $107.45 per barrel during Asian trade. Similarly, WTI Crude increased by 1.9%, surpassing the $103-a-barrel mark. These price hikes follow reports of Houthi militants expanding their control over the Red Sea's west coast. This expansion has heightened maritime risks and triggered concerns regarding potential supply disruptions in the region.
