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WTI Oil Prices Rise Over 1% as US Navy Sinks Houthi Rebel Ship in Red Sea

WTI oil prices rose more than 1% this morning. After reports that the US Navy had sunk a Houthi rebel ship in the Red Sea In response to the Houthi rebels using missiles to attack Maersk shipping vessels, the tension has caused markets to speculate that it will affect oil supply in the Middle East.

At 10:29 a.m. Thai time, the price of West Texas crude oil (WTI) for delivery in February. Increased by $1.17 or 1.63% to reach $72.82/barrel.

The war between Israel and Hamas in Gaza is likely to expand. After the Houthi rebels, a Yemeni armed group backed by Iran, attacked a cargo ship in the Red Sea. It claims to be in retaliation for the Israeli army’s inhumane military operations against Palestinians in the Gaza Strip. and warned that it would attack all ships headed for Israel, regardless of nationality. as an expression of support for Palestine

The US Navy intercepted two missiles fired by Houthi rebels at the Maersk Hangzhou on Saturday evening after receiving a distress signal. Help from the said crew But the Houthi rebels continued their attack on the Mesk. Hangzhou on the morning of Sunday, Dec. 31, by sending four small ships to attack with the aim of attacking and boarding the cargo ship. As a result, the US Navy responded by sinking three of the four Houthi ships and killing all three rebels aboard the boat, while another small boat was able to escape.

The latest report states that Iran has now sent the warship Alborz into the Red Sea. After the US Navy sank a ship belonging to Iran-backed Houthi rebels, The Iranian news agency Tasnim claimed that In the past, the Alborz warship has operated in open waters. and served to protect shipping lanes and fight pirates and has performed such duties since 2009

2024-01-02 03:53:44
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