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What is the Red Sea's importance?

The Red Sea is a crucial shipping lane, particularly for oil and gas going from the Middle East to Europe and beyond. An attack near Yanbu, a major Saudi export port on the Red Sea, raises concerns about the safety of this route. Any disruption here can have significant ripple effects on global trade and energy prices.

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Oil prices rise above $80 after Houthis claim attack on Saudi tanker

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