Oil prices rebounded after the Houthi movement claimed responsibility for an attack on a Saudi oil tanker near Yanbu, a critical shipping corridor on the Red Sea. The incident raised concerns over potential disruptions in oil supply routes, contributing to a rise in Brent crude and West Texas Intermediate (WTI) prices. Previous Houthi-related incidents had led to significant oil price increases, with Brent surpassing $100 per barrel and WTI nearing $92. Current geopolitical tensions underscore the vulnerability of key Middle Eastern transport routes and their impact on global oil markets.
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