Global oil prices rise sharply
Oil prices rose today amid growing fears of supply disruptions following attacks on energy infrastructure in Saudi Arabia, which led to the shutdown of the East-West pipeline. Brent crude increased by 2.37% to reach $108.18 per barrel, while West Texas Intermediate climbed to $103.85. This comes amidst escalating attacks by the Houthis on Saudi Arabia and retaliatory military responses, threatening the future stability of the oil market.
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