More economic pain (Conclusion)
Following the takeover of control of the Bab Al Mandab Strait by Iran-backed Houthi rebels, prices of crude oil have now gone up by two to three percent to between $107 and P108 per barrel for Brent crude and $102 to $103 per barrel for West Texas Intermediate as of Sept. 15.
We haven't written up this one. Philippine Star Business has the full story — the link below goes straight to it.