Oil prices have resumed rising as concerns about oil supply in the Middle East have intensified and the US continues to crack down on Iran. Brent crude oil, the global benchmark, rose above $85 per barrel, reversing an earlier slight decline. In the previous three trading days, the price of Brent crude oil increased by a cumulative total of 12%. The report said that Iran has told the Houthis in Yemen that if Iran's power infrastructure is attacked, it will block the Red Sea waterway. At a time when oil transportation in the Strait of Hormuz was disrupted due to the war in Iran, the Red Sea waterway has become an important lifeline for Saudi Arabia's oil exports.

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