Rise Of Oil Prices

Oil prices surge after attacks hinder Saudi output

The attack by Tehran-backed Huthi rebels in neighbouring Yemen, where a Saudi-led coalition is bogged down in a five-year war, hit two sites owned by state-run giant Aramco and effectively shut down six percent of the global oil supply.

Qatar crisis hits markets, economic impact uncertain

Markets tumbled on news of Qatar's falling out with several of its Arab neighbours. The main stock index fell over 7 percent. Oil prices were up. And sport has been affected.