Observable data points shared across all narratives
Escalation of conflict in the Strait of Hormuz raises concerns about oil supply disruptions, pushing Brent crude prices higher.
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Saudi Arabia called for de-escalation after clashes between US and Iranian forces in the Strait of Hormuz. The kingdom emphasized a political resolution to prevent further instability affecting global energy routes and regional security. Saudi officials also denied reports of blocking US military operations or allowing airspace use for attacks.