Oil prices just surged past $100 a barrel as Houthi rebels in Yemen ramp up attacks on Red Sea shipping, triggering a spike in gas prices and rattling Wall Street. Brent crude hit $106.40 while U.S. WTI climbed to $91.83, pushing the national average gas price to $4.09 — up 10 cents in a week. Major stock indexes all fell about 1%, with the Fed now facing pressure to delay rate cuts or even hike rates again as inflation fears rise. With the Bab el-Mandeb Strait — a key global oil chokepoint — under threat, the U.S. is boosting military presence and launching strikes, while Treasury yields climb amid mounting economic uncertainty.
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