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Oil climbs to $106.58 on supply doubts
Oil prices have risen, with Brent reaching $106.58 per barrel and U.S. crude at $94.94, amid concerns over supply disruptions due to escalation in the conflict between the Houthis and Saudi Arabia, including attacks on Aramco facilities. Additionally, increased Russian diesel exports could ease supply shortages. A Houthi attack on a Saudi facility in Dhahran caused a small fire, while reports suggest Iran is employing new tactics to target shipping in the Strait of Hormuz in an effort to keep oil prices high.
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