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Brent Crude Hits Three-Month High as Red Sea Houthi Attacks Fuel Supply Fears

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Crude oil prices have surged past $100 per barrel, reaching a three-month high amid escalating tensions in the Middle East. Houthi attacks targeting Saudi oil tankers in the Red Sea have raised serious concerns about the safety of global energy supply routes. The escalation has made geopolitical risk the dominant factor driving the current rally in oil markets. Domestic crude futures have also risen sharply, tracking the broader international price surge.

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Brent Crude Hits Three-Month High as Red Sea Houthi Attacks Fuel Supply Fears · ShortSingh