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The Economic Times

Global Business / The Economic Times

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Houthi advance in Red Sea leads oil past $108/bbl

Oil prices rose significantly following strikes on Saudi infrastructure and ship attacks. Yemen's Houthi rebels strengthened their control over key Red Sea maritime routes. Saudi Arabia's east-west pipeline disruption impacts port inventory levels. Market analysts suggest Saudi inventories may cushion near-term export impacts.

15 Sep 2026 6:00 am