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Home›Commodities›Energy›Brent crude jumps to $98 after attacks on Saudi energy…

Brent crude jumps to $98 after attacks on Saudi energy facilities

The move adds to concerns that Mideast tensions could disrupt supply as the U.S. and Iran exchange strikes over the weekend.

Reported · Written up by our desk · Energy

Oil prices rose Tuesday as Brent crude pushed to $98, driven by worries that attacks involving Iran-linked Houthi allies could escalate tensions across the Middle East.

The price increase followed reports that multiple Saudi energy facilities were targeted, increasing fears of potential disruptions to regional crude production and supply.

CNBC Markets attributed the jump to heightened geopolitical risk after the U.S. and Iran traded strikes over the weekend, underscoring how quickly developments can spill into energy prices.

Latest closeWTI crude $90.70 ▲0.5%|Brent $95.32 ▲0.7%

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Sources

CNBC MarketsBrent crude oil hits $98 after Iran's Houthi allies attack multiple Saudi energy facilities
CNBC WorldBrent crude oil hits $98 after Iran's Houthi allies attack multiple Saudi energy facilities

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