EconomySaudi Boosts Hormuz Oil Exports as AI Trade Roars Back; $12 Billion Maldives Property Deal

Saudi Arabia is increasing oil exports through the Strait of Hormuz as prices move toward $100 a barrel, with diplomacy and improved flows easing supply worries. The UK plans defensive support for Saudi Arabia against the Houthis, while Goldman Sachs warns oil could reach $120. Libya’s Sharara output has dropped by more than half. Asian stocks rallied on optimism over Meta’s AI agents, with Muse lifting AI chip shares.