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Dozens of ships continued to traverse the Red Sea this week, but with scattered disruption, uncertainty about the passage grows by the hour.
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Oil surged to $100 per barrel after Iran-backed Houthi rebels attacked two Saudi tankers in the Red Sea. And, President Trump overnight replaced expiring tariffs with a slew of new ones.
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President Trump threatened attacks on Houthi militants after the Iranian ally said it had hit two Saudi Arabian-flagged vessels.
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