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Line chart of WTI crude oil spiking on a Houthi tanker claim before easing back toward 75 dollars a barrel.

WTI crude jumped to $77.83 a barrel shortly after 5 a.m. ET Thursday, a 3.5% intraday spike, after Yemen's Houthis claimed a new attack on a Saudi tanker in the Gulf of Aden. Prices eased back toward $75 by late morning as Iran and Oman moved a narrower shipping-route agreement, covering two to four months and explicitly short of a full reopening, into final drafting. The whipsaw underscores that the broader Strait of Hormuz standoff behind this week's market moves has not actually been resolved.

This chart is presented for general informational purposes only and does not constitute financial, investment, tax, or legal advice. Figures reflect the source and period indicated and may no longer be current.

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