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Oil’s $100 nightmare is back as worst-case scenario is taking shape
Houthi attacks on Saudi energy facilities have disrupted oil operations. These strikes also pressure the Bab al-Mandeb chokepoint, impacting oil flows. The Strait of Hormuz remains impaired, creating a dual threat to global supply. This situation makes significantly lower oil prices before late 2026 increasingly unlikely. Oil prices may potentially slip back into above-$100 territory.
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oilprice.com
Oil Prices Near $100 After Fresh Attacks on Saudi Energy Sites | OilPrice.com
Attacks on energy facilities in southern Saudi Arabia caused fires and temporary operational shutdowns as escalating regional tensions push oil prices toward $100 a barrel.
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scmp.com
Oil prices near US$100 a barrel as Saudi oil facility attack raises supply risk
Geopolitical tensions and strikes on energy infrastructure are tightening supply expectations, threatening to push oil higher and curb China’s appetite for imports.
