Global shipping threats raise energy prices
The targeting of two Saudi oil tankers in the Red Sea by the Houthis has led to an increase in global oil prices, with Brent prices reaching their highest levels in two months and continuing to rise for the fifth consecutive day. The Houthis' threat to target oil ships through the Bab el-Mandeb Strait raises concerns over potential disruptions to global oil supplies, prompting some financial institutions like Goldman Sachs to warn that Brent crude could exceed $120 per barrel in the last quarter of this year.
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