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Oil prices rose on Wednesday, with Brent crude surpassing US$95 per barrel for the first time in nearly six weeks amid US-Iran strikes, before paring some gains while remaining up around three percent. Maritime tracking data showed at least nine ships reversing course from the Bab al-Mandab strait after Houthi rebels announced a blockade of Saudi ports, including vessels that had loaded at the Yanbu terminal.
US equity markets registered a muted response, with the S&P 500 falling 0.1 percent.
Location: Strait of Hormuz