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Houthis strike Riyadh airport; Iran threatens US tech assets amid Hormuz escalation
Middle East Eye·SA · YE · IR·1 day ago
Brent fell on prospects of increased Russian diesel exports, while WTI rose on reports of potential Israeli strikes on Iran and Houthi attacks on Saudi Arabia. The divergent moves reflect offsetting supply and geopolitical risk factors, with market direction uncertain.
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Global oil markets are experiencing divergent trends, with Brent prices falling due to increased Russian diesel export prospects, while WTI prices are rising amidst claimed Israeli strike preparations against Iran and Houthi attacks on Saudi Arabia. The overall market direction remains uncertain due to these offsetting supply and geopolitical risk factors.