Oil prices spike after attacks on commercial shipping in the Red Sea

The recent attacks on commercial shipping in the Red Sea has resulted in oil prices spiking, according to CommSec’s Tom Piotrowski. “You have seen some terrorist activity in the Red Sea when it comes to the attacks on shipping in that area,” Mr Piotrowski told Sky News Australia. He said oil prices spiked up to three per cent overnight as a result. “They’re up by about a per cent now so they’ve come off the boil a little bit.” Presented by CommSec.