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Oil rises after Houthi attack on Saudi capital
Source: reuters.com
Energy Markets & PricesGeopolitics & War
Oil prices rose Monday after Iran-backed Houthi missile and drone strikes targeted Riyadh on Saturday, escalating Middle East geopolitical risk. The attacks, alongside a continuing US-Iran stalemate, raise the prospect of disruption risks to regional energy supply and support a higher geopolitical risk premium in crude.
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