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Market Impact: 0.68
Oil hits multi-week highs after Houthi attacks on Saudi energy facilities
Source: The Globe and Mail
Energy Markets & PricesGeopolitics & WarInfrastructure & Defense
Oil prices reached multi-week highs after Iran-backed Houthi attacks targeted Saudi energy facilities, raising risks of supply disruption. Iran also threatened the United States with “economic warfare,” escalating geopolitical tensions and increasing the potential for broader energy-market volatility.
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