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Oil Prices Surge Amid Houthi Threats | London News
Description
Brent crude surges past $100 a barrel as Houthi rebels in Yemen threaten Saudi oil shipments through the vital Bab al-Mandab Strait, forcing tankers to reroute—adding millions in costs and delays. With a U.S.-Iran ceasefire collapse already fueling prices, analysts warn a spike to $120 or even $200 per barrel is possible. Refineries slash output, pushing diesel and gas prices higher, exposing just how fragile our fossil fuel dependence really is.
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