The oil markets have picked up on these signs, with the price of Brent crude returning to above $100 a barrel after recording a decline over the last two days, amid hopes for renewed diplomatic momentum and with Saudi Arabia resuming the operation of oil tankers through Hormuz despite the risks. This comes in light of the escalation with the Houthis and after the pipeline connecting the east and west of the kingdom was targeted by drones launched from Iraq on September 10, causing a 4% loss in global supplies.Disclaimer: The opinions expressed by the writers are their own and do not necessarily represent the views of Annahar.
