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Oil Market Impact

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US Orders Diplomatic Withdrawal from Saudi Arabia as Houthi Strikes Escalate
geopolitics12 days ago

US Orders Diplomatic Withdrawal from Saudi Arabia as Houthi Strikes Escalate

The US State Department has ordered the departure of non-emergency personnel and family members from its embassy in Riyadh, citing escalating Houthi attacks on Saudi infrastructure. This move coincides with quiet military drawdowns across the region and rising oil prices, as Washington weighs potential strikes on Iran following the November 3 midterm elections.