Saudi pipeline shutdown boosts global crude oil prices
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- 1,200-km pipeline
Saudi Arabia has temporarily shut its East-West oil pipeline due to drone strikes, raising concerns over global crude supply. This 1,200-km pipeline, crucial for transporting oil to the Red Sea, is now under assessment for damage. Traders should monitor potential impacts on oil prices amid heightened energy security fears. ⚡
Not investment advice. For informational purposes only.