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Commodities

Houthis and Saudi Arabia Clash, Driving Oil Prices Above $100

Guavy AI Editorial Team
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Oil
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The Houthis and Saudi Arabia have exchanged attacks, threatening wider regional instability.

A tanker attack in the Red Sea has driven oil prices past $100 per barrel, fueling concerns about global economic stability.

This escalation comes amid a backdrop of rising tensions between Iran, Houthis, and their adversaries, with US President Donald Trump warning of 'major military punishment' for Tehran and its allies.

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