SAUDI ARABIA:
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A ship was hit by an explosion at the Saudi Arabian port of Jeddah. The incident comes just three weeks after an oil tanker was damaged at the Saudi terminal of Shuqaiq and Yemen’s Houthi rebels claimed a missile strike on a Saudi Aramco fuel depot in Jeddah. Tensions in the area have risen as the U.S., a Saudi ally, ramps up sanctions on Iran, which backs the Houthis in Yemen’s civil war.
SOURCE: WORLD OIL
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