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Commodities

Saudi Tanker Hit in Red Sea as Brent Crude Surges Past $100

Guavy AI Editorial Team
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Oil
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Crude oil futures surged on Thursday after a Saudi tanker was hit by an unknown projectile in the Red Sea, escalating concerns over global oil supplies.

The incident comes just two days after another Saudi ship caught fire off the coast of Saudi Arabia, adding to the risk of disruptions to oil flows.

Brent crude futures topped $100 per barrel for the first time since 2014 as investors scrambled to assess the impact on global markets.

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