Oil tops $100 as Houthi attacks reignite Strait of Hormuz fears

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Brent crude oil ( CO1:COM )( CL1:COM ) climbed above $100 a barrel for the first time in two months after Iran-backed Houthi forces claimed responsibility for attacks on two Saudi tankers in the Red Sea. The incidents have heightened confrontations between the United

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Crude oil has surpassed $100. Threat of Houthi attacks on the Strait of Hormuz has reignited concern, leading to a rise in crude oil prices.

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