Oil prices jumped on Friday after the US and UK struck Houthi targets in Yemen and Iran seized a tanker in the Gulf of Oman, stoking fears of an escalation in geopolitical tensions that could threaten trade and oil flows. Brent, the benchmark for two-thirds of the world’s oil, was trading 2.05 percent higher at $79.02 a barrel at 10.06 am UAE time. West Texas Intermediate, the gauge that tracks US crude, was up 2.15 percent at $73.53 a barrel.
