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The Houthis said they struck Saudi Arabia’s Ras Tanura refinery, but the supplied reports do not confirm damage at the site. Oil prices rose as investors weighed the prospect of a prolonged regional conflict, CNBC reports.
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A conflict-related disruption to Saudi energy infrastructure could affect global oil supply and prices, with potential costs for U.S. consumers and businesses. The reports do not establish that the refinery was hit or that supplies were disrupted.