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Key Saudi Arabian oil site attacked, sending Brent above USD 70

Saudi Arabian oil saw its most serious attacks in 18 months when export terminal Ras Tanura came under missile and drone fire in an assault claimed by Houthi rebels, prompting a near 3-percent rise in Brent crude price.

Photo: Ahmed Jadallah/Reuters/Ritzau Scanpix

Saudi Arabia said some of the world’s most protected oil infrastructure came under missile and drone attack in an escalation of regional hostilities that sent crude prices surging.

The attacks on Sunday were intercepted, Saudi Arabia said, and oil output appeared to be unaffected. But the latest in a spate of assaults claimed by Iran-backed Houthi rebels pushed oil prices to above USD 70 a barrel for the first time since January 2020.

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