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Oil prices up nearly 3% following new strikes on Saudi, Strait of Hormuz
Source: The Globe and Mail
Energy Markets & PricesGeopolitics & WarCommodities & Raw MaterialsTransportation & Logistics
Oil prices rose about 3% on Monday after strikes on Saudi energy and civilian infrastructure and Iranian attacks on ships in the Gulf intensified supply-risk concerns. The disruption follows the closure of a key Saudi oil pipeline, raising the prospect of tighter crude supply and impaired regional energy transport.
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