Oil Prices Surge as Middle East Attacks Persist and Diplomacy Stalls
TL;DR
Oil prices jumped about 3% as Middle East attacks continued and Saudi Arabia’s East-West Pipeline remained shut, fueling fears of a broader supply disruption; with Houthi advances and stalled diplomacy around Hormuz and Bab el‑Mandeb, traders expect prices to climb until pipeline throughput and regional talks offer clearer visibility.
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- Oil prices up over 3% following new strikes on Saudi, Strait of Hormuz Reuters
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