Fresh attacks on Strait of Hormuz shipping fuel fears over oil supplies
During its passage through the Strait of Hormuz, a ship was hit by a projectile, raising alarms about the stability of global energy supplies following a prior drone attack.
In response, Saudi Arabia has temporarily closed its crucial East-West oil pipeline as a safety measure.
The escalating conflict in the Middle East poses a risk of increased energy prices, with further updates on the situation anticipated shortly.
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