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Riyadh is facing an unprecedented squeeze on its oil industry as disruptions around the Strait of Hormuz and Bab al-Mandeb threaten exports, push crude above $100 a barrel and deepen fears of a global ...

Oil prices have crossed $100 as shipping risks rise around Hormuz and the Red Sea. Here is what the market move means for urban economies.

WTI surged above $100 as escalating Middle East conflict tightened physical oil supplies and threatened shipping through both ...