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BusinessMarketWatch · 24d ago

Global oil prices settle at one-month high despite new Iran ceasefire proposal, as blockade on Saudi Arabia by Yemen’s Houthis keeps market on edge

Oil prices reached one-month highs despite a new U.S.-Iran ceasefire proposal, driven by weekend strikes across the Middle East and ongoing Houthi blockade concerns affecting Saudi Arabia. Traders remained uncertain about geopolitical stability in the region.

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