Houthi Red Sea attacks could drive oil to $140, Bloomberg Economics says

Global oil prices could surge to $140 per barrel if Houthi rebels target shipping in the Red Sea, potentially worsening what is already considered the largest energy disruption in history, according to a report by Bloomberg Economics. Analysts Dina Esfandiary, Ziad Daoud, and Becca Wasser estimate that such an escalation would drive up inflation, weaken […] The post Houthi Red Sea attacks could drive oil to $140, Bloomberg Economics says first appeared on Dailynewsegypt .

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