Oil rises after Houthi attack on Saudi capital - reuters.com
Source: reuters.com
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DW NOTE
The Strait of Hormuz has been closed for seven months and WTI is at $96 — fourteen per cent off its high. Oil prices do not respond to geopolitics; they respond to the gap between what refiners need and what they can physically buy. A Houthi strike on Riyadh changes neither.
Bitcoin fell 0.4% to around $79,700 since midnight UTC while Asian tech stocks rallied. The DeFi index dropped 1.8%, and the Fed is set to begin a two-day meeting.
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