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Crude Oil Prices Surge as Red Sea Attacks Continue
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Houthi Assault on Global Shipping
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Crude oil prices rise by 3% due to attacks by Houthi militant group on ships in the Red Sea. British oil and gas giant BP pauses shipments, while other shipping companies suspend activity. US Secretary of Defense calls for Iran to stop supporting Houthi attacks.
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How might the ongoing attacks on ships in the Red Sea impact global crude oil supply?
What are the potential economic repercussions of the increased crude oil prices?
What measures are being taken to ensure the safety of shipping in the Red Sea region?
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