Oil Gains Following Yemen Attack on Saudi Tanker
Oil prices rose significantly following Yemen's announcement of targeting a Saudi oil tanker in the Red Sea, in response to the Saudi blockade of Yemen. The price of Brent increased by 81 cents to reach $80.17 per barrel, while U.S. West Texas Intermediate futures rose by 34 cents to $76.11. The attack on the tanker "Wafa" off the coast of Yanbu, the main port for Saudi oil exports, according to the Yemeni Armed Forces, had a noticeable impact on the global oil market.
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