Oil climbs after Saudi ship attack
Oil prices rose in the afternoon due to renewed concerns over ongoing supply disruptions in the Middle East, following the Houthi attack on the Saudi oil tanker "Wafa" with rockets in the Red Sea. This incident led to a 0.46% increase in West Texas Intermediate and a 0.97% rise in Brent crude prices, as investors await the outcome of negotiations between Washington and Tehran and the resumption of navigation through the Strait of Hormuz.
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