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Oil prices have climbed toward $100 a barrel as attacks by Houthis in the Red Sea heighten supply risks. The disruptions are affecting shipping through the Bab al-Mandab strait and the Strait of Hormuz, key chokepoints for global oil transport. Brent crude remains above $90 per barrel as markets react to the escalating tensions. The situation has amplified concerns over potential supply shortages.
by WorldBrief & Maksim Micheliov | AI-generated summary
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