After Saudi Arabia shut down critical pipeline that bypasses Strait of Hormuz, Oil prices rise
Corroborated by 2 sources from 2 publishers
middle_eastgeneral4h ago
TL;DR
Saudi pipeline outage threatens loss of 4% of global oil supply Crude oil prices rose more than 2% on Sunday after Saudi Arabia closed its critical pipeline that bypasses the Strait of Hormuz. U.S. West Texas Intermediate futures were up 2.3% to $102.38 per barrel by 6:02 p.m.