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US Officials Confirm Saudi East-West Pipeline Attacked By Drones, Badly Damaged
US Officials Confirm Saudi East-West Pipeline Attacked By Drones, Badly Damaged
Summary
Saudi oil pipeline attacked: US officials confirmed strikes on Saudi pumping stations, with drones likely launch from Iraq.
Houthis expand in Yemen: Houthi forces are gaining control along the Red Sea coast, threatening key shipping routes.
Oil and diesel prices rising: Russia’s damaged refining capacity and shipping disruptions are also tightening fuel markets.
Stagflation risk grows: Higher energy and shipping costs could push inflation higher while weakening global economic growth.
Strait of Hormuz traffic returns to normal by November 30?
Yes 13% · No...
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