Latest Oil Market News and Analysis for Aug. 10

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AI Summary

Oil markets extended gains as Iran and Oman failed to reach an agreement to reopen the Strait of Hormuz. Meanwhile, Houthi militants claimed responsibility for an attack on a Saudi refinery near the Red Sea, adding to regional tensions.

Oil extended gains as Iran and Oman remained short of a deal to reopen the Strait of Hormuz, while Houthi militants claimed an attack on a Saudi refinery near the Red Sea.

World Security Conflict Politics Markets Commodities Energy Oil market Strait of Hormuz Iran Oman Houthi militants Saudi refinery attack energy prices

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