Oil prices rise by $3 to trade at $109 per barrel after shipping industry monitors linked to suspension of loadings at Saudi Arabia’s Red Sea Port‌

Oil prices rise by $3 to trade at $109 per barrel after shipping industry monitors linked to suspension of loadings at Saudi Arabia’s Red Sea Port‌

Supply concerns have intensified after Iran-backed Houthi forces in Yemen launched fresh attacks on Saudi Arabia on Monday, while Gulf Arab states postponed planned discussions with Iran.

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