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Iran-linked rebels force closure of east-west pipeline and capture strategic island in Bab al-Mandab strait
Oil prices have climbed above $108 a barrel after a series of drone attacks forced Saudi Arabia to close its east-west crude pipeline.
Brent crude, the international benchmark for oil prices, surged to more than $108.5 a barrel on Monday – a 3.7% increase on the day.
The post Oil prices soar above $108 as Houthis strike Saudi infrastructure appeared first on Business | The Guardian.
