
Raising concerns about a possible inflation shock for the world economy, Brent crude prices jumped by about 4% to a high of $80.75 a barrel on Friday, while US West Texas Intermediate crude also increased after US and UK airstrikes against Houthi rebel sites in Yemen.
The overnight strikes were in response to attacks on shipping in the Red Sea and the missiles, drones and rockets fired by the Yemeni group at US and UK warships, as tensions mount in the region during the Israel-Gaza war.
Comment: Yemen started the blockade of Israeli shipping in response to Israel's unprecedented slaughter of Gazan civilians.












Comment: Other metrics show that, despite claims by the propaganda media of hopes economies will soon recover, they are instead on the precipice of a collapse unlike anything seen before:
See also: