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Oil Prices Rise on Saudi Pipeline Outage and Rising Red Sea Risks
What I Cover Tsvetana Paraskova is an energy and commodities journalist who has contributed to Oilprice.com for nearly a decade, covering global energy markets, commodities,… Oil prices continued to rise early on Tuesday, rallying by 1.7%…
AI Summary
Oil prices climbed 1.7% in early Asian trading on Tuesday. The rise is linked to the Iran‑backed Houthis expanding control over the Red Sea’s west coast and to attacks on a key Saudi onshore oil pipeline.
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