Oil market on fire: Strategic routes threatened, Russia supply at risk | EXPLAINED

Global energy concerns are rising as oil facility attacks and risks to major sea routes threaten long-term supply stability. The first major development comes from Ukraine, which has expanded its strategy against Russia by directly targeting its oil economy. Meanwhile, after already disrupting flows through the Strait of Hormuz, Iran has reportedly threatened to block the Bab al-Mandeb Strait. 

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