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Money & Work
Houthi strikes on Saudi tankers push oil back above $US100 a barrel
Brent crude jumped more than 6% after Houthi rebels blockaded Saudi Arabia and attacked tankers, closing off both Saudi oil export routes through the Middle East.
Why it mattersAustralia imports all its oil and prices track international benchmarks directly, so sustained prices above $US100 a barrel will translate quickly to higher pump costs.
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