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Shell CEO Wael Sawan said that Middle East oil flows have recovered to approximately 80%of pre-conflict levels, but the actual extent of the recovery remains disputed.
BlockBeats reported that the Saudi-backed Yemeni government announced a large-scale military operation against the Houthi movement, with the goal of retaking areas under its control. The report also said that Red Sea shipping and Saudi energy facilities could become focal points of the conflict.