Iran backed Houthi militia successfully adapts economic warfare, by shutting down Red Sea trade. Oil bid over $74, with $75 price support within sight.

 

Please refer to this post re: oil bids on Red Sea/Middle East broader conflict:  chiasmusmagazine.blogspot.com/2023/12/oil-climbs-back-over-72-per-barrel-as.html 

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All oil analysis:  chiasmusmagazine.blogspot.com/search/label/oil%20price