Taking Stock 

Shock and awe

Shock and awe

On Monday, Brent crude futures recorded their biggest one-day spike on record, after a weekend drone strike on a Saudi Aramco refinery took out up to 5 per cent of global daily oil supplies. Responsibility for the strike was claimed by Houthi militia, currently at war with Saudi Arabia in Yemen, which quickly led to US finger-pointing at Iran, and inflamed rhetoric from Tehran in response.

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