- Oil cooled slightly — Brent around $88.9 and WTI about $82.5 — slipping back from recent month‑highs.
- Yemen’s Iran-aligned Houthis threatened a naval blockade of Saudi Arabia, raising fresh risks to global energy and shipping.
- Reports of a proposed 10-day ceasefire/mediation between the U.S. and Iran are tempering price upside despite ongoing strikes.
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