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Saudi Pipeline Hit Sends Oil Markets Reeling | Lesotho News
Saudi Arabia’s critical East-West oil pipeline hit by drone attacks has sent shockwaves through global energy markets, with Brent crude surging past $108 a barrel. The pipeline, a vital backup route bypassing the volatile Strait of Hormuz, could be offline for weeks—threatening Saudi Arabia’s Yanbu terminal’s limited reserves. With other Gulf shipping disruptions already underway, the world faces mounting pressure on energy security. Uncertainty reigns as repairs unfold, and analysts warn this disruption could push up fuel prices worldwide, exposing just how fragile global oil supply chains…
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