#oilpriceupdates Oil is back with force.. The Middle East flares up again 🛢️💥
📈 WTI crude jumps 6% to $83.20, ending three consecutive days of declines.
🚢 The Houthis are considering imposing fees on vessels crossing the southern Red Sea and the Bab-el-Mandeb strait — the gateway to 7% of the world’s oil supply.
🇸🇦🇺🇸 A joint military operation by the United States and Saudi Arabia against the Houthis, supported by a boost, helped drive the rebound.
📊 News impact:
🟢 Very positive for oil ↗️
#Houthis #Hormuz #MiddleEast #IranFiresBallisticMissilesAtJordan $CL $BZ $XAUT