đš BREAKING: SAUDI OIL INFRASTRUCTURE UNDER PRESSURE đžđŠâœ
Saudi Arabiaâs East-West oil pipeline was previously forced into a precautionary shutdown after attacks in the Riyadh and Madinah regions.
â ïž The bigger issue: this route is a critical alternative to the Straight of Hormuz.
Although flows have since been restored to around 5.8M barrels/day, renewed attacks could quickly trigger oil-price volatility and fresh global supply fears.
đ„ Oil risk is becoming a major market risk.
$AMZNB $HPEB $UNI
#SaudiArabia
#Oil #MiddleEast #Hormuz #Energy
Saudi Arabiaâs East-West oil pipeline was previously forced into a precautionary shutdown after attacks in the Riyadh and Madinah regions.
â ïž The bigger issue: this route is a critical alternative to the Straight of Hormuz.
Although flows have since been restored to around 5.8M barrels/day, renewed attacks could quickly trigger oil-price volatility and fresh global supply fears.
đ„ Oil risk is becoming a major market risk.
$AMZNB $HPEB $UNI
#SaudiArabia
#Oil #MiddleEast #Hormuz #Energy