Oil Price Rises Above $108: Hormuz Attack and Saudi Pipeline Stoppage Unsettle Markets
TL;DR
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Brent crude oil prices surpassed $108 per barrel following an attack on a freighter in the Strait of Hormuz and Saudi Arabia's temporary closure of its East-West pipeline. These events have unsettled markets due to the strait's importance for global oil trade.
Source: euronews.com
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