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Saudi Arabia built the East-West pipeline in the 1980s in case Iran closed Hormuz. Tehran-backed militias still blasted it, sending oil prices up
Saudi Arabia’s closure of a major oil pipeline after a recent attack is raising fears that global energy markets in crisis because of the war with Iran could face even starker shortages, pushing prices higher for fuel and other essentials.
AI Summary
Saudi Arabia shut its East‑West oil pipeline on Friday after an attack it attributed to drones operated by Iranian‑backed militias in Iraq. The pipeline, constructed in the 1980s to provide an alternative route in case Iran blocked the Strait of Hormuz, carries a significant share of the kingdom’s crude. The closure has sparked concerns that the war‑driven energy crisis could deepen, with analysts warning that reduced supply may lift global oil prices and increase costs for fuel and other essentials.
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