Oil prices near 2-week high as Hormuz remains closed, Houthi strikes continue
Oil prices rose on Wednesday, extending recent gains and coming in sight of a two-week high as the U.S. and Iran remained at odds over reopening in the Strait of Hormuz. Fresh strikes by Yemen’s Iran-backed Houthis on shipping in the Red Sea also added to concerns over long-lasting oil supply disruptions in West Asia. ...
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- IEA cuts 2026 oil demand forecast again as Hormuz remains shut freemalaysiatoday.com
- Hormuz standoff derails oil supply recovery and deepens demand slump, IEA says hindustantimes.com
