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Oil Prices Surge as Fighting in Middle East Escalates

Key Points

The cost of crude oil hit its highest levels in months, as investors worried about diminishing oil supplies after reports that the Iranian-backed Houthi militia had captured a port city in Yemen.

The cost of crude oil hit its highest levels in months, as investors worried about diminishing oil supplies after reports that the Iranian-backed Houthi militia had captured a port city in Yemen.
Iranian (ORG) Houthi militia (ORG) Yemen (LOCATION)
Originally published by NYT Business Read original →