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VERIFIEDET Markets·neutral
Oil eases on Middle East diplomacy hopes, Saudi attacks keep supply worries alive
AI Summary
- ·Oil prices eased due to diplomatic discussions between Saudi Arabia, Turkey, Pakistan, and Iran.
- ·Increased attacks from Iran-aligned Houthis are maintaining supply worries.
- ·Brent crude futures are near six-month peaks amid rising risks in the Strait of Hormuz.