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Story summary
- Key Information: Oil prices rise above US$100 per barrel as conflict in the Middle East intensifies.
- Brent crude surged past US$100, peaking at US$119.50 from renewed tanker attacks and the closure of the Strait of Hormuz.
- Attacks disrupt shipping through the Bab el-Mandeb Strait and Suez Canal, prompting rerouting by major lines.
- Higher prices challenge importing African nations such as Kenya and Uganda, while Angola could use revenue for debt reserves and the Lobito refinery.
