The Oil Escape Route Went Dark, and Markets Are Feeling It
According to a myriad of reports, a drone strike reportedly launched from Iraq paralyzed Saudi Arabia’s East-West Pipeline, also known as Petroline. Between the pipeline and the Strait of Hormuz disruption, Brent crude oil prices jumped 3% to $109 a barrel. Petroline Strike Sends Oil to $109 as Global Markets Flinch Earlier this week, drones […]
Key Takeaways
- According to a myriad of reports, a drone strike reportedly launched from Iraq paralyzed Saudi Arabia’s East-West Pipeline, also known as Petroline.
- Between the pipeline and the Strait of Hormuz disruption, Brent crude oil prices jumped 3% to $109 a barrel.
- Petroline Strike Sends Oil to $109 as Global Markets Flinch Earlier this week, drones […]
Summary generated by IndiCrypto from News.Bitcoin.com. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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