🚨 **BREAKING: Oil Prices Surge as Saudi Pipeline Shut Down**
Brent crude jumped over 3%, trading near $108/barrel after Saudi Arabia shut down its critical East-West pipeline following a drone attack.
📍 Key details:
- Pipeline carries crude from Abqaiq to Yanbu (Red Sea) — Saudi Arabia's only export route that bypasses the Strait of Hormuz
- Attack comes amid the ongoing Iran conflict, which has already disrupted regional oil supply
- WTI crude also up ~2.8%, trading near $103/barrel
- Pipeline has capacity of 7 million barrels/day — a major buffer for global supply
⚠️ Analysts warn this removes a key "safety valve" that's been stabilizing oil markets since the Hormuz tensions began.
#OilPrices #BrentCrude #SaudiArabia #EnergyMarkets #BreakingNews
$ALLO
$LSK
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Brent crude jumped over 3%, trading near $108/barrel after Saudi Arabia shut down its critical East-West pipeline following a drone attack.
📍 Key details:
- Pipeline carries crude from Abqaiq to Yanbu (Red Sea) — Saudi Arabia's only export route that bypasses the Strait of Hormuz
- Attack comes amid the ongoing Iran conflict, which has already disrupted regional oil supply
- WTI crude also up ~2.8%, trading near $103/barrel
- Pipeline has capacity of 7 million barrels/day — a major buffer for global supply
⚠️ Analysts warn this removes a key "safety valve" that's been stabilizing oil markets since the Hormuz tensions began.
#OilPrices #BrentCrude #SaudiArabia #EnergyMarkets #BreakingNews
$ALLO
$LSK
$WLD
