CLAVE 1 / 4Oil prices dropped 1.2% after Saudi Arabia announced it would reroute crude exports via Oman following drone attacks on its East-West pipeline.
CLAVE 2 / 4Brent crude futures fell to $104.59 a barrel, while U.S. WTI crude declined 1.1% to $101.29.
CLAVE 3 / 4The Strait of Hormuz, which handles one-fifth of global oil and gas, remains closed due to the US-Iran conflict.
CLAVE 4 / 4Saudi Arabia is conducting ship-to-ship transfers at Oman’s Sohar Port to secure Asian-bound cargoes from Houthi attacks.
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