Oil Jumps as Shutdown of Saudi Pipeline Deepens Energy Crisis
Crude prices hover near $100 per barrel even though Gulf producers outside Iran exported an average of 19.2 million barrels per day of crude, condensate and refined products in September. This export volume surpasses 80 percent of pre-war levels. Markets previously suffered violent swings after an attack on Saudi Arabia's East-West pipeline shut down a pumping station in Khurais. The disruption worsens a regional energy shortage, keeping inflation fears elevated as global fuel flows lag behind historical recovery milestones.
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- ✓ Gulf producers excluding Iran exported an average of 19.2 million barrels per day of crude, condensate and refined products in September.
- ✓ September exports surpassed 80% of pre-war export recoveries.
What changed
September export data reveals that Gulf producers excluding Iran shipped an average of 19.2 million barrels per day.
Live updates
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Oil Prices Remain Near $100 Despite Recovering Gulf Exports
Crude prices hover near $100 per barrel even though Gulf producers outside Iran exported an average of 19.2 million barrels per day of crude, condensate and refined products in September. This export volume surpasses 80 percent of pre-war levels. Markets previously suffered violent swings after an attack on Saudi Arabia's East-West pipeline shut down a pumping station in Khurais. The disruption worsens a regional energy shortage, keeping inflation fears elevated as global fuel flows lag behind historical recovery milestones.
Why it matters
Global energy markets remain vulnerable following the October 5 attack on Saudi Arabia's strategic pipeline network. Persistent high prices indicate that international buyers remain anxious about supply stability despite regional export volumes climbing above 80 percent of pre-war recovery benchmarks in September. This tension between recovering physical shipments and elevated financial pricing reflects deep-seated market apprehension.
What is confirmed
- Gulf producers excluding Iran exported an average of 19.2 million barrels per day of crude, condensate and refined products in September.
- September exports surpassed 80% of pre-war export recoveries.
What to watch next
- Monthly export totals from Gulf producers outside Iran to see if shipments continue rising toward pre-war baselines.
- Further updates on the repair timeline and operational status of the Khurais pumping station on the East-West pipeline.
confidence 100%Sources used for this update (3)
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- biz.heraldcorp.com — WORLDOil is flowing again — so why are prices still near $100?
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Oil Prices Surge Past 100 Dollars Following Saudi Pipeline Attack
Crude prices climbed above 100 dollars after a fresh attack struck Saudi Arabia's strategic East-West pipeline, forcing a temporary shutdown and exacerbating global supply risks. International oil markets experienced violent swings following the October 5 incident. A Saudi energy sector source confirmed that major damage to a pumping station in Khurais halted oil flows through the critical route. This disruption deepens a regional energy shortage, fueling inflation concerns as fuel flows continue to lag behind pre-war export recoveries.
Why it matters
The pipeline shutdown compounds an ongoing energy crisis driven by the regional conflict involving Iran. Previously, September Gulf oil exports had managed to recover to 81 percent of pre-war levels, but analysts expressed doubt that this pace could hold. Meanwhile, the World Bank warned that dollar reserve depletion is leaving Asian nations such as Indonesia, Thailand, and Vietnam financially strained to fund their energy subsidies.
What is confirmed
- International oil prices experienced violent swings after reports that Saudi Arabia's East-West pipeline was attacked and shut down on October 5.
- A source within Saudi Arabia's energy sector stated that a pumping station in Khurais suffered major damage, halting oil flows through the pipeline.
- Disruption to the key Saudi export route pushed Brent and WTI crude above 100 dollars, according to analysts.
What to watch next
- Repairs to the damaged Khurais pumping station and restoration timelines for the East-West pipeline
- Further analyst assessments on whether the Saudi export recovery can resume
- Global inflation and energy market reactions to sustained crude prices above 100 dollars
confidence 100%Sources used for this update (4)
- www.zerohedge.com — Stock Futures Drift As Attention Turns To European Debt Crisis | ZeroHedge
- finance.biggo.com — Saudi Arabia's Strategic East-West Pipeline Reportedly Hit ...
- www.tbsnews.net — Saudi Arabia's East-West oil pipeline halted again after ...
- www.khaleejtimes.com — Saudi pipeline attack fuels oil rally as supply risks return
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Oil Surges as Saudi Pipeline Shutdown Deepens Energy Crisis
Crude prices climbed after multiple drone strikes forced Saudi Arabia to temporarily halt its East-West oil pipeline, exacerbating a severe regional energy shortage. While September Gulf oil exports recovered to 81 percent of pre-war levels led by Saudi Arabia, fuel flows continue to lag. Analysts remain doubtful that this export recovery pace can hold. Meanwhile, the World Bank warned that Asian nations including Indonesia, Thailand, and Vietnam are running out of money to fund energy subsidies as dollar reserves drain away during the ongoing Iran conflict.
Why it matters
The pipeline shutdown compounds regional vulnerabilities caused by Houthi territorial gains in the Red Sea and attempts to bypass the Strait of Hormuz. Depleted dollar reserves across developing Asian economies limit state capacity to cushion consumers against persistent shocks. Markets face mounting strain as infrastructure repairs are expected to take several weeks.
What is confirmed
- Saudi Arabia temporarily stopped its East-West oil pipeline after multiple drone attacks damaged route sections.
- Gulf oil exports reached 81 percent of pre-war levels in September, led by Saudi Arabia.
- The World Bank warned that Asia is running out of room to fund energy subsidies as the Iran war drains dollar reserves in Indonesia, Thailand, and Vietnam.
What to watch next
- Timeline for repairs on the damaged East-West pipeline
- Sustained ability of Gulf exporters to maintain 81 percent export levels
- Further policy responses from the World Bank or Asian governments regarding energy subsidies
confidence 100%Sources used for this update (3)
- thearabianpost.com — Saudi Arabia halts East-West pipeline after drone strikes
- oilprice.com — Gulf Oil Exports Recover to 81% of Pre-War Levels
- oilprice.com — World Bank Warns Asia Is Running Out of Money to Fight Energy Shock
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Saudi Arabia Pushes East-West Pipeline to Bypass Hormuz
Riyadh is accelerating crude shipments across the kingdom to Red Sea ports to bypass the Strait of Hormuz, seeking to stabilize exports. The pipeline damaged in previous strikes will remain mostly out of service for several weeks for repair. Meanwhile, Iran-backed Houthi rebels captured the strategic islands of Greater and Lesser Hanish. These territorial gains advance a strategy of driving up world oil and gas prices to pressure the United States during ongoing regional conflicts.
Why it matters
The disruption to Gulf oil transport ranks as one of the largest in decades, driven by drone attacks and regional hostilities that forced precautionary pipeline closures. Iran-backed groups continue to seize strategic territory to squeeze global energy supplies. These developments compound earlier market pressures involving rejected peace proposals and shifting international trade patterns.
What is confirmed
- Riyadh accelerates crude shipments across the kingdom to Red Sea ports to bypass the Strait of Hormuz, seeking to stabilize exports during one of the largest disruptions to Gulf oil transport in decades.
- The Saudi oil pipeline hit in strikes will be mostly out of service for several weeks for repair.
- Iran-backed Houthi rebels captured the strategic islands of Greater and Lesser Hanish, according to government and Houthi officials.
What to watch next
- Timeline for completing repairs on the damaged East-West oil pipeline
- Further territorial movements by Houthi forces near Red Sea shipping routes
- Impact of rerouted shipments on global crude export volumes
confidence 100%Sources used for this update (4)
- saudipress.com — Saudi Arabia Pushes East-West Oil Pipeline Toward Full Capacity as ...
- spectrumlocalnews.com — Saudi oil pipeline hit in strikes will be mostly out of service for several weeks for repair
- spectrumlocalnews.com — Saudi Arabia shuts down major oil pipeline, citing attacks amid fighting in Yemen
- gardnermagazine.com — Deep Dive Episodes – Gardner Magazine – Gardner News Magazine: Local News & Articles in Gardner MA
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Saudi Pipeline Shutdown Drives Oil Price Rises Amid Regional Attacks
Crude oil prices rose by more than one percent as ongoing regional conflicts and the shutdown of Saudi Arabia's East-West pipeline continued to squeeze global energy supplies. The pipeline was taken offline following drone attacks by an Iranian-backed Iraqi militia and precautionary closures prompted by regional hostilities. Donald Trump rejected a peace proposal from Iran aimed at ending the conflict and reopening the Strait of Hormuz. Meanwhile, India increased its oil imports to address market shifts while facing potential sanctions, and major Middle Eastern crude exports reached their highest levels since February despite persistent shipping vulnerabilities in the Red Sea.
Why it matters
The ongoing war in West Asia has severely disrupted international energy flows and triggered a scramble for alternative shipping routes. Donald Trump's rejection of Iranian peace overtures leaves diplomatic avenues frozen, compounding the vulnerability of critical maritime choke points like the Strait of Hormuz. India's rising import volumes reflect how Asian buyers are scrambling to secure supply as regional instability deepens.
What is confirmed
- Oil prices rose by more than one percent as geopolitical tensions persisted in the Middle East.
- Saudi Arabia shut down the East-West pipeline following attacks, including a drone strike by an Iranian-backed Iraqi militia and precautionary measures against regional threats.
- Donald Trump rejected Iran's peace proposal that aimed to resolve the conflict and reopen the Strait of Hormuz.
Still unconfirmed
- India's energy security faces complications from the potential expansion of foreign sanctions.
What to watch next
- Diplomatic developments between the United States and Iran regarding the conflict and the Strait of Hormuz
- Timeline updates on the repair and reopening of the Saudi East-West pipeline
- Changes in Indian oil import volumes and potential new sanctions affecting energy security
confidence 95%Sources used for this update (5)
- thearabianpost.com — Saudi pipeline outage lifts oil prices further — Arabian Post
- economictimes.indiatimes.com — saudi oil pipeline: Latest News & Videos, Photos about saudi ...
- www.nytimes.com — Tankers Are Loading Oil Again From a Vital Saudi Pipeline
- www.thedailystar.net — Saudis shut down oil pipeline as Houthis tighten grip on Red ...
- www.gulf-times.com — tag - Gulf Times
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Saudi Pipeline Shutdown Deepens Global Energy Crisis
Saudi Aramco oil supply has plummeted to a 36-year low of 6.238 million barrels per day following a critical pipeline shutdown. Operational data contradicts official supply claims as the East-West pipeline faces a six to eight week repair window. Yanbu storage cover lasts roughly one week, threatening the loss of up to four percent of global oil supply. Meanwhile, the United States faces a constrained diesel market with no spare fuel to offer international markets that have lost 1.6 million barrels a day of diesel exports, while President Trump rejected a Qatari-mediated peace proposal with Iran.
Why it matters
Global energy markets face severe disruptions from the infrastructure outage in Saudi Arabia coinciding with escalating military conflict involving the United States and Iran. President Trump rejected a Qatari-mediated peace proposal with Iran, signaling a commitment to continued military engagement despite rising U.S. casualties. American refineries are operating near their limits and drawing down domestic stocks to meet heavy export commitments and rising local demand, leaving no safety valve for global fuel deficits.
What is confirmed
- Saudi Aramco oil supply is at a 36-year low of 6.238M bpd.
- The East-West pipeline faces a 6-8 week repair.
- President Trump rejected a Qatari-mediated peace proposal with Iran.
Still unconfirmed
- Yanbu storage cover is roughly one week.
- Saudi Arabia will run out of oil stocks for exports if it doesn't restart its major pipeline to the Red Sea within days.
- The United States is drawing down its own diesel stocks and has no spare diesel to offer the world.
What to watch next
- Whether Saudi Arabia restarts its major pipeline to the Red Sea within days
- Duration of the East-West pipeline repair timeline
- Recovery of finished-fuel supply in the United States
confidence 90%Sources used for this update (7)
- discoveryalert.com — Saudi Aramco’s Oil Supply Claims Don’t Match the Operational Data
- www.thehindubusinessline.com — Stock Market Today Highlights, Sept 24: Dalal Street hit by crude fire, US yield surge, Nifty closes 1.64....
- sonar21.com — America’s Diesel Surplus Is an Illusion
- www.thedailystar.net — Saudi pipeline outage threatens loss of 4% of global oil ...
- gardnermagazine.com — World News of the Week – Gardner News Magazine: Local News & Articles in Gardner MA
- gardnermagazine.com — Weekly Briefing – Gardner Magazine – Gardner News Magazine: Local News & Articles in Gardner MA
- www.energypolicy.columbia.edu — Live Updates: Iran and the Conflict in the Middle East - Center on Global Energy Policy at Columbia Unive....
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Oil Jumps as Saudi Pipeline Shutdown Deepens Energy Crisis
Global oil prices surged after a Saudi Arabian pipeline shutdown, deepening the energy crisis amid rising tensions in the Middle East. Despite the crisis, Saudi Arabia's crude oil exports have hit their highest level since the Iran war began. The OECD lifted its 2026 global growth forecast to 2.9% despite the Middle East war. US-Iran talks at the UN may help ease tensions.
Why it matters
The conflict in the Middle East has led to a significant increase in energy prices and disruptions to global oil supplies. The Strait of Hormuz, a critical waterway for oil exports, has seen an 80% decline in vessel traffic. The crisis has also impacted Qatar Airways, forcing it to pause routes and absorb rising operational costs.
What is confirmed
- The OECD lifted its 2026 global growth forecast to 2.9 percent, a 0.1-point increase from estimates in June.
- Saudi Arabia's crude oil exports have hit their highest level since the Iran war began, despite escalating attacks on its infrastructure.
- Saudi Arabia resumed overseas crude shipments via the East-West Pipeline after a 17-day export halt.
- Oil prices fell after US President Donald Trump said US and Iranian representatives had met for "very good" talks at the United Nations.
Still unconfirmed
- Aramco supply resilience faces its biggest test after drone strikes knocked out the 7-million-bpd East-West pipeline.
What to watch next
- US-Iran talks at the UN
- OPEC meeting
- Saudi Arabia's economic growth
confidence 90%Sources used for this update (8)
- english.aawsat.com — OECD Lifts 2026 Global Growth Forecast to 2.9% Despite Mideast War
- www.cnbc.com — Saudi Arabia crude oil exports hit highest level since Iran war began despite pipeline outage
- discoveryalert.com — Aramco CEO Defends Supply Resilience After Dual Export Route Crisis
- gulfnews.com — Trump to Defend Iran War, Tout Peacemaker Role in High-Stakes UN Speech as Yemen, Saudi and Oil Tensions ....
- www.straitstimes.com — Allies unite behind Saudi Arabia as Houthis step up attacks
- finance.yahoo.com — Saudi Arabia resumes Yanbu oil exports after pipeline repair
- www.oxfordeconomics.com — Pipeline shutdown in Saudi Arabia prompts major GDP ...
- english.aawsat.com — Oil Prices Fall after Trump Hails 'Good' Talks with Iran
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Hormuz Traffic Plummets as Iran Conflict Spikes European Energy Costs
Commodity vessel traffic through the Strait of Hormuz has fallen 80% below its 10-day average, with Kpler data showing only three vessels crossing in a single day. This supply tightening coincides with a spike in German power and gas prices driven by LNG disruptions and the Iran war. The regional instability has created the most significant crisis for Qatar Airways in over 30 years, forcing the carrier to pause routes and absorb rising operational costs while the oil market awaits the outcome of U.S.-Iran talks at the UN.
Why it matters
Energy markets are shifting from a period of stabilization back to high volatility. Previous recoveries in Saudi pipeline capacity are now offset by critical chokepoint disruptions. These pressures threaten to increase household inflation in Europe as winter approaches.
What is confirmed
- Kpler data shows only three commodity vessels crossed the Strait of Hormuz in one day.
- The Iran conflict is the largest crisis for Qatar Airways in over 30 years.
Still unconfirmed
- German power and gas prices are spiking due to LNG disruptions and the Iran war.
- U.S.-Iran talks are taking place at the UN.
What to watch next
- Results of U.S.-Iran talks at the UN
- Changes in vessel transit volume through the Strait of Hormuz
confidence 90%Sources used for this update (4)
- www.briefs.co — European power prices jump as gas squeeze and geopolitics collide heading into winter
- www.briefs.co — Qatar Airways CEO Says Iran Conflict Is Carrier's Toughest Challenge in 30+ Years
- www.briefs.co — Mortgage Rates Jump to 6.95% as Midterms Near, Making Ownership an Even Tougher Reach
- oilprice.com — Hormuz Traffic Running 80% Below Its 10-Day Average
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Oil Prices Hold Drop as Saudi Pipeline Restoration Progresses
Oil prices maintain a steep decline as Saudi Arabia restores a vital pipeline, reducing immediate fears of Middle East supply disruptions. This stabilization follows a period of price volatility driven by regional instability. While crude markets ease, broader energy pressures persist in Europe, where TTF gas prices hit 92.95 euros per MWh. In Asia, Japan's JERA is selling surplus gas through a Singapore unit to mitigate risks. The market is now balancing these supply recoveries against ongoing geopolitical tensions in the region.
Why it matters
The energy crisis stems from a combination of low European storage and Middle East instability. Saudi Arabia's pipeline capacity is critical for global crude stability. Geopolitical friction involving the Houthis in Yemen adds a layer of risk to Red Sea coast control.
Still unconfirmed
- The Houthis are attempting to control Yemen's Red Sea coast while avoiding direct United States involvement in their war with Saudi Arabia.
What to watch next
- Confirmation of full pipeline operational capacity
- Changes in European TTF gas prices
- US industry reports on crude stockpiles
confidence 80%Sources used for this update (2)
- www.energyconnects.com — Oil Holds Drop as Saudi Arabia Moves to Restore Vital Pipeline
- oilprice.com — What Yemen Really Means to the U.S.-Iran War
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Oil Prices Drop as Saudi Arabia Restores Key Pipeline
Oil prices are falling after Saudi Arabia began restoring a key pipeline, easing fears of a prolonged supply disruption. This downturn follows a period of steep gains that some analysts now view as overdone, especially as a US industry report indicates rising stockpiles. While crude prices slump, European energy markets remain strained; TTF gas prices reached 92.95 euros per MWh due to low storage and Middle East risks. JERA, the largest LNG buyer in Japan, is now selling surplus gas via a Singapore unit to manage these mounting risks.
Why it matters
The market previously rallied on fears that Houthi and Iranian attacks would keep Saudi infrastructure offline for weeks. A five-to-seven-day inventory cushion served as the critical threshold for analysts. The current price correction reflects a shift from panic over immediate outages to a focus on stockpile levels.
What is confirmed
- Oil experienced its largest drop in more than six weeks.
- TTF gas prices hit 92.95 euros per MWh.
- JERA is selling excess gas in global markets through a new unit based in Singapore.
Still unconfirmed
- A US industry report points to a rise in oil stockpiles.
- European gas prices are holding above 80 euros per MWh due to low storage and winter risks.
What to watch next
- Confirmation of the full operational status of the Saudi East-West pipeline
- Updated US industry reports on crude stockpile levels
- European gas storage levels ahead of winter
confidence 90%Sources used for this update (5)
- www.thejakartapost.com — Indonesia & International Stock Market News
- finance.yahoo.com — Oil Hits Speed Bump With Supply-Driven Rally Looking Overdone
- oilprice.com — TTF Gas Hits $92.95 as Gulf Tensions Weigh on Energy Markets
- oilprice.com — Japan’s Top LNG Buyer to Sell Excess Gas in Global Markets
- finance.yahoo.com — Oil Extends Slump as Saudi Arabia Moves to Restore Key Pipeline
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Brent Tops $109 as Saudi Pipeline Outage Risks Extend to Weeks
Brent crude futures surpassed $109 per barrel following reports that Saudi Arabia's East-West pipeline may remain offline for weeks. Oil prices continue to climb as Houthi strikes on Saudi Arabia and Iranian attacks on Gulf ships intensify supply fears. Analysts warn of a sharp price rally if the outage exceeds a five-to-seven-day inventory cushion. The energy crisis deepens as regional diplomacy stalls and Houthi territorial gains increase the risk of further Middle East disruptions.
Why it matters
The East-West pipeline is a critical safety valve for global oil prices. Its shutdown threatens four percent of the global supply and limits Saudi Arabia's export options. US reserves may reach operational limits by November if the outage persists.
What is confirmed
- Brent futures topped $109 per barrel.
- Oil prices rose following Houthi strikes on Saudi Arabia and Iranian attacks on ships in the Gulf.
Still unconfirmed
- The East-West pipeline could be shut for weeks.
- Crude loadings at Saudi Arabia's Yanbu Port have been suspended.
- US reserves could hit operational limits by November.
What to watch next
- Verification of Yanbu Port loading status
- Confirmation of the pipeline repair timeline
- Updates on US strategic reserve levels
confidence 80%Sources used for this update (5)
- www.cnbc.com — Oil extends gains following Houthi strikes on Saudi Arabia
- www.cnbc.com — Oil’s next test: Saudi Arabia races to restore a key safety valve for prices
- oilprice.com — Oil Prices Rise on Saudi Pipeline Outage and Rising Red Sea Risks
- finance.yahoo.com — Oil Jumps as Crude Loadings at Saudi Arabia's Yanbu Port Reportedly Suspended
- finance.yahoo.com — Oil Soars As Saudi Pipeline Faces Weeks-Long Outage — Schork Says US Reserves Could Hit ‘Operational Limits’ By November
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Oil Jumps as Saudi Pipeline Shutdown Deepens Energy Crisis
Oil prices jumped as Saudi Arabia shut down its critical East-West pipeline following drone attacks. The outage threatens four percent of the global oil supply and leaves the kingdom with few options amid mounting regional threats. Trump stated that Iran is likely responsible for the attack on the vital conduit. Meanwhile, the Strait of Hormuz crisis deepened alongside the pipeline shutdown as regional tensions escalated.
Why it matters
The shutdown of the critical pipeline that bypasses the Strait of Hormuz compounds existing security problems for Saudi Arabia, including threats from the Houthis and stalled regional talks. Oil buyers and traders warned that a significant portion of global supply is at risk while the pipeline remains offline with no timeline for restart. The incident has intensified broader energy security concerns across the Middle East.
What is confirmed
- Oil prices rose after drone attacks shut down Saudi Arabia's East-West pipeline.
- The pipeline outage threatens the loss of 4 percent of the global oil supply.
- Drones launched from Iraq struck the East-West pipeline on Sept. 10, forcing a closure with no timeline for restart.
- Saudi Arabia shut down a critical pipeline that bypasses the Strait of Hormuz.
Still unconfirmed
- Trump says Iran likely responsible for attack on vital Saudi oil pipeline.
- Iran claims that a tanker had hit mines in the Strait of Hormuz.
- Saudi Arabia could run out of oil for export within days as the pipeline remains shut.
What to watch next
- Any announcement regarding a restart timeline for the Saudi East-West pipeline.
- Further official assessments or attribution regarding the drone attacks from Iraq.
- Developments in the Strait of Hormuz involving tanker traffic and regional talks.
confidence 95%Sources used for this update (12)
- AP News — Saudi Arabia has few options as it faces mounting threats from Iran and its allies
- CNN — Trump says Iran likely responsible for attack on vital Saudi oil pipeline
- Reuters — Saudi pipeline outage threatens loss of 4% of global oil supply
- NBC News — Hormuz, Houthis and pipeline strikes: Saudi Arabia’s list of big problems is growing
- CNBC — Oil prices rise after Saudi Arabia shut down critical pipeline that bypasses Strait of Hormuz
- Bloomberg.com — Oil Jumps as Shutdown of Saudi Pipeline Deepens Energy Crisis
- The Guardian — Oil prices rise after drone attacks shut down Saudi Arabia’s East-West pipeline
- www.newsweek.com — Saudi Arabia Could Run Out of Oil For Export Within Days as Pipeline Shut
- finance.yahoo.com — Oil prices jump after Saudi Arabia shuts East-West pipeline
- www.ibtimes.com.au — Strait of Hormuz Crisis Deepens as Iran Claims Tanker Mine Strike and Gulf Talks Collapse Once Again
- www.profarmer.com — Ahead of the Open | Key session post reports
- finance.yahoo.com — Oil Edges Higher With Saudi Flows in Focus After Pipeline Shut
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