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GeopoliticsNew

New Hormuz, Saudi attacks threaten deeper oil disruption; prices expected to rise

BearishGeopolitics

Fresh attacks on Saudi Arabian infrastructure and vessels in the Strait of Hormuz on Sunday have heightened regional tensions, threatening to worsen global energy supply disruptions. An Iranian commercial vessel was struck, killing one and injuring four, while the Houthis claimed new cross-border attacks on Saudi Arabia. Traders anticipate oil prices will rise Monday on fears of jeopardizing supply from the world's largest exporter.

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