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Saudi Arabia Boosts Oil
- Saudi Arabia is increasing oil production and exports amid rising tensions with Iran and United States (U.S.) deployments in the Middle East.
- Saudi shipments reached 7.3 million barrels per day in February, highest since April 2023.
- The surge follows Iran's ramped-up exports as both nations prepare for disruptions.
- The United States is building a military presence in the region, adding to uncertainty about oil flows via the Strait of Hormuz.
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