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Brent climbs 3% to $107.81 as Red Sea risks intensify

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  • Brent rose as Houthi threats increased risks around the Bab el-Mandeb shipping route.
  • Brent gained 3% to $107.81, while U.S. crude climbed 2.9% to $102.94.
  • The Federal Reserve, Bank of Japan and Bank of England meet this week.
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