Oil prices rose on Tuesday after the world's top oil exporter Saudi Arabia ...
LONDON - Oil prices rose on Tuesday after the world’s top oil exporter Saudi Arabia said explosive-laden drones had attacked two pumping stations belonging to state oil company Aramco.
A U.S. official said Iran was the likely culprit, but Iranian officials denied responsibility for the incident. A fifth of global oil consumption passes through the Strait of Hormuz from Middle East crude producers to global markets. The negotiations between the United States and China appeared headed towards success last week but have largely unravelled over U.S. accusations that Beijing sought vast, last-minute changes.
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