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Oil prices rebounded to above $ 70 a barrel on Monday, as US crude posted its best gain in a day over a month, after four weeks of losses for the benchmark.
Prices were supported after Saudi Arabia announced that it would suspend oil deliveries in the Bab el-Mandeb Strait, after Houthi rebels in Yemen attacked two oil tankers in the country. Red Sea. The Saudis lead a military coalition against the Huthis aligned with Iran for more than three years
The Eurasia Group believes that the attack on tankers "represents a serious escalation of the dynamics around the conflict in Yemen . "
"While the Houthi rebels likely possessed the ability to threaten Saudi cargoes in the Bab-al-Mandab Strait, their willingness to use it is a result of increasing tensions in the region," Ayham Kamel said. , head of the Middle East and North Africa group. "The attack was probably encouraged by Iranian leaders to demonstrate to the United States, to Saudi Arabia and to Israel that Iran and its allies retain an ability to respond to the attack. intensification of the war. "
The United States and Iran have recently embarked on a war of words, with Iranian officials threatening to grind oil exports into the busiest region of the world. for shipments of crude. Tension rises before the first of two deadlines next week for international companies to cut ties with Iran under new US sanctions
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