Analysts are concerned about potential disruptions to the global energy market due to the ongoing increase in oil prices.

On Friday, oil prices rose more than 2% as the US and Britain carried out strikes against Houthi military targets in Yemen in retaliation for attacks by the Iran-backed group on shipping in the Red Sea. This increase in oil prices is in response to growing tensions in the Middle East and concerns about potential broader regional conflicts. Analysts are concerned about the possible disruptions to shipping and the increasing geopolitical risks, which could lead to higher oil prices and further market instability.

January 12, 2024
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