World · 2 hours ago
Brent crude reaches $109 as Middle East attacks threaten oil supplies
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Brent oil climbed to $109.64 a barrel on Wednesday, while US crude reached $98.58, as shipping threats raised fears of tighter supplies. Iran’s Revolutionary Guards Navy said a tanker hit a sea mine south of the Strait of Hormuz, while Yemen’s Houthis claimed attacks on Saudi oil facilities. Brent had reached $111.99 on Tuesday before falling.
Reported by Reuters · How we write briefs