Oil Advances on Threats to Supply From Russia to Middle East

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AI Summary

Oil prices advanced amid doubts about an energy ceasefire between Ukraine and Russia and fresh attacks on Saudi Arabia. Drone and cruise-missile strikes have intensified concerns about supply risks and regional security.

Oil rose as Ukraine cast doubt on an “energy ceasefire” touted by US President Donald Trump. Saudi Arabia suffered its deadliest strikes since the Iran war began, with new drone and cruise missile assaults posing fresh security threats to the kingdom. Michelle Brouhard, Head of Policy and Geopolitical Risk at Kpler, joins Bloomberg Intelligence to discuss. (Source: Bloomberg)

World Security Conflict Politics Markets Commodities Energy oil prices supply risk Ukraine Russia Saudi Arabia drone attacks energy ceasefire

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