Crude oil prices rose more than 3% on Thursday after Yemen’s Houthi rebels targeted Saudi Arabia’s oil tankers in a combined missile-drone attack. In addition, Iran’s Islamic Revolutionary Guard Corps (IRGC) claimed that a vessel trying to transit through the southern mine-laid route off the coast of Oman was set alight. US President Donald Trump previously warned that US forces will bomb an Iranian bridge or a power plant every time Iran strikes a ship in the Strait of Hormuz. West Texas Intermediate (WTI) for deliveries in September jumped 3.18% to sell for $89.59 per barrel at 3:38 am ET. A minute later, Brent for the same month’s settlements surged 3.92%, going for $97.84 per barrel.