Oil prices near 2-week high as Hormuz remains closed, Houthi strikes continue
AI Summary
Amid ongoing Houthi strikes and the closure of the strategic Strait of Hormuz, oil prices have risen to near a two-week high. The disruption in supply routes is causing increased volatility in energy markets with implications for global shipping and politics in the region.
Politics Markets Commodities Energy Shipping oil prices Hormuz Strait Houthi strikes energy market shipping disruption Middle East commodity prices