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flag Oil prices climb as U.S. extends military action in Yemen, threatening shipping routes.

flag Brent crude prices rose 0.6% at the start of the week, reaching $70.98, following the U.S. announcement of continued military action against Yemen's Houthi rebels. flag The U.S. plans to keep intercepting missiles and drones launched by the Houthis, which have disrupted global shipping, until the attacks stop. flag The military campaign is expected to last for several more weeks.

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