Oil prices in the US and Brent surged by over $1 amid news that the Houthi rebels plan to impose a naval blockade on Saudi Arabia.
BlockBeats News, July 20th, according to Bitget market data, both WTI and Brent oil prices rose by over $1 in a short period. They are now trading at $81.98 per barrel and $86.80 per barrel, respectively.
On the news front, the Houthi armed forces stated that they would impose a naval blockade on Saudi Arabia on Monday.
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