Oil dips but holds above $100 as Houthi-Saudi and Iran tanker attacks persist

Brent and WTI remain elevated above $100 despite a weekly dip, as ongoing Houthi-Saudi hostilities and Iranian attacks on tankers in the Persian Gulf sustain supply risk. Prices are up sharply from late-2025 levels, reflecting a persistent geopolitical premium. The dip suggests some profit-taking or easing of immediate fears, but the supply threat remains unresolved.

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