New Delhi, Sept. 10 -- Oil prices continued to rally on Thursday, with Brent crude surging over 4% to cross $105 per barrel, nearing a four-month high, driven by the escalating conflict in West Asia and the Houthi militia's advancement toward the Bab-al-Mandeb strait.

Yemen's Houthi militia has captured the critical Red Sea city of Mocha, widening its hold over the strategic Bab-al-Mandeb strait, a vital global trade corridor, according to a report by Al Jazeera. Houthi control over the channel is expected to disrupt Saudi crude exports through the route, dealing another blow to global oil supplies.

Around 9 pm IST, the November Brent contract on the Intercontinental Exchange was trading at $105.82 a barrel, up 4.55% from its previous c...