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Brent Spikes Toward $110 as Saudi Pipeline Closure and Hormuz Threats Squeeze Supply

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The Story

News Summary

  • Brent crude surged near four-month highs after Saudi Arabia shut its vital East-West pipeline following drone strikes.
  • Tensions escalated further as Strait of Hormuz vessel transits dropped sharply and Ukraine voiced deep skepticism over potential deals with Russia to halt strikes on mutual energy infrastructure.
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Stored market data

BRENT price history

102.56 +57.98% over the displayed period

Advisor Snapshot

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