Oil prices rise over 1% on drone attack on Saudi Aramco facilities

Oil prices rose over 1% on Tuesday after top exporter Saudi Arabia said explosive-laden drones launched by a Yemeni-armed movement aligned to Iran had attacked facilities belonging to state oil company Aramco. 

Oil prices rise over 1% on drone attack
A fifth of global oil consumption passes through the Strait of Hormuz from Middle East crude producers to global markets. Image source: Reuters

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