Houthis, Hormuz and Iran keep oil volatile
The Houthis claim an attack on a Saudi pipeline pumping station while Hormuz uncertainty keeps oil between $85 and $100.
What we know
The Houthis announced an attack on a pumping station serving Saudi Arabia's East-West pipeline, which is unconfirmed. WSJ reports crude slipping on hopes of a diplomatic breakthrough. An energy strategist says it is unclear whether the Strait of Hormuz is open, keeping oil in a range. An Iranian clerical body called exiting the nuclear treaty a 'national demand'.
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“Houthis Announce Attack On Pumping Station Serving Saudi Arabia's East-West Oil Pipeline”
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View post →By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.