95ENERGY
⚡ Markets: Removes a key alternative route for Saudi oil exports, making markets more vulnerable to disruptions at Hormuz and Bab al-Mandab. Strongly bullish for crude oil prices.BrentWTIAramco
Saudi Arabia has preemptively shut down its vital East-West Pipeline (Petroline) after multiple pump stations were struck by drones reportedly launched from Iraqi territory. The pipeline is a critical route for Saudi oil exports, allowing them to bypass the Strait of Hormuz, and its closure compounds global energy supply fears.
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