Macron warns of energy price surge after Saudi pipeline attacks
pre-market1 source ↓written by the desknot a recommendation
- in August
- 7.6 million barrels per day
- pre-war levels
- 13.1 million barrels below
French President Emmanuel Macron warned of an "explosion in energy prices" due to recent attacks on Saudi Arabia's oil infrastructure and disruptions in the Strait of Hormuz. Crude oil flows through Hormuz averaged 7.6 million barrels per day in August, 13.1 million barrels below pre-war levels, impacting global fuel prices. This situation may lead to heightened volatility in energy markets. ⚡
Not investment advice. For informational purposes only.