Oil prices rise as Red Sea, Gulf of Oman attacks heighten supply concerns
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Source: CNBC
Published: 2026-08-12 14:56 UTC+10:00
Section: General
Factuality Score: 92
Opinion Category: Neutral
Topics: Energy, World News
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Snippet:
Oil prices rose on Wednesday after deadly attacks on vessels in the Red Sea and Gulf of Oman heightened concerns over risks to global shipping routes, even as diplomats signaled progress toward reopening the Strait of Hormuz.
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