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Asia-Pacific markets were set to climb Wednesday as investors tracked escalating tensions in the Middle East. A fresh wave of attacks on the United Arab Emirates’ energy infrastructure has heightened fears of prolonged supply disruptions amid the Iran war.
The incidents followed a drone strike on the world’s largest ultra-sour gas development, a fire at the UAE’s Fujairah Oil Industry Zone, and damage to a tanker near the strategically vital Strait of Hormuz.
U.S. oil prices rose 0.06% to $96.27 as of 7:33 p.m. ET.
Australia’s S&P/ASX 200
