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00:02Oil prices jumped Thursday after reports of attacks on tankers off Saudi Arabia
00:06and renewed U.S. threats against Iran, according to CNBC.
00:11Brent crude gained 4.6% to $98.44 per barrel,
00:16while West Texas Intermediate rose 3.8% to $99.14.
00:22Both benchmarks were headed for their third-largest monthly gains in a decade.
00:27Yemen's Houthis claimed they targeted two Saudi oil tankers,
00:30though CNBC could not independently verify the attacks.
00:34The reported strikes followed Trump's warning that the U.S. would destroy Iranian infrastructure
00:39each time Tehran attacks a ship in the Strait of Hormuz.
00:43Iran threatened retaliation against U.S.-linked infrastructure and energy assets across the region.
00:50Former U.S. Ambassador to Saudi Arabia Joseph Westphal
00:53told CNBC that Congress is reluctant to provide more war funding
00:57because the U.S. lacks a clear strategy or plan for the conflict.
01:01For all things money, visit Benzinga.com.
