Oil Prices Surge Over $3 as Saudi Arabia, Strait of Hormuz Face New Attacks

TLDR: Brent crude rose 3.46% to $108.23 per barrel after weekend Gulf strikes rattled markets. WTI futures climbed 3.15% to $103.20 per barrel amid rising Saudi supply concerns. Saudi Arabia’s East-West pipeline shutdown has fueled fears of tighter global oil supply. Oman postponed Gulf-Iran talks after the pipeline strike, stalling regional diplomatic efforts. Oil prices [...]

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