Saudi pipeline shutdown could cut 4% of global oil exports
after close1 source ↓written by the desknot a recommendation
- within days
- 4% of global oil supply
- shutdown affects
- 1,200-kilometer trunk line
- to the Red
- 4 million barrels per day
A drone strike on Saudi Arabia's East-West pipeline has halted exports, risking 4% of global oil supply within days. This shutdown affects the 1,200-kilometer trunk line, which typically delivers 4 million barrels per day to the Red Sea. Energy markets face heightened volatility amid ongoing Middle East tensions. ⚡
Not investment advice. For informational purposes only.