After Attacks - Why the Shutdown of the Saudi East-West Pipeline is So Relevant for the Global Oil Market
TL;DR
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The shutdown of Saudi Arabia's East-West pipeline following drone attacks from Iraq caused oil prices to rise above $100 per barrel. The pipeline serves as a crucial alternative to the Strait of Hormuz, which is also threatened by Houthi rebels.
Source: deutschlandfunk.de
Same event
- Middle East - Saudi Arabia shuts down important pipeline as a precaution after attacks
- News Digest: Saudi Oil Exports Under Massive Pressure
- News from the Iran War: Saudi Oil Exports Under Massive Pressure
- Drone Attack from Iraq: Pipeline in Saudi Arabia Catches Fire
- After Attacks - Why the Shutdown of the Saudi East-West Pipeline is So Relevant for the Global Oil Market
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