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Pipeline Strikes and Strait Tensions | Uganda News
A critical oil pipeline in the Middle East suffered a projectile strike, sparking a fire and forcing crew evacuation—just days after Saudi Arabia shut it down amid drone attacks from Iraq. These escalating strikes are fueling soaring energy prices, with Brent crude now over $100 a barrel. The East-West pipeline, vital for moving 4-5 million barrels daily (4-5% of global supply), has helped buffer Gulf exports as the Strait of Hormuz remains largely blocked. Though injuries and damage have occurred, full export impacts remain unclear. No group claims responsibility, but U.S. officials point to…
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