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Oil Surges As Saudi Pipeline Crisis Puts 4% Of Global Supply At Risk; Bernstein Warns Of $150 Crude

Oil Surges As Saudi Pipeline Crisis Puts 4% Of Global Supply At Risk; Bernstein Warns Of $150 Crude Brent crude futures jumped overnight after Saudi Arabia shut its East-West pipeline following drone attacks last week, threatening a critical route for bypassing the highly contested Strait of Hormuz chokepoint and a loss of what could amount to 4% of global supply.  The global oil benchmark rose as much as 3.7% to above $108 a barrel before trimming gains to $107.70 by 6:00 a.m. ET, while WTI futures traded around $103. Riyadh described the...
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May 19, 2026 / Tyler Durden
New York Governor Signs Bills To Preserve Mandatory Vaccines
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Sep 5, 2026 / Tyler Durden
Ukraine Pushes Congress For Russia Sanctions Before Election Recess
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Mar 6, 2026 / Tyler Durden
Iran's Financial Hub, The UAE, May Freeze Billions In Assets Over Retaliatory Strikes
Iran's Financial Hub, The UAE, May Freeze Billions In Assets Over Retaliatory Strikes The United Arab Emirates is pissed after Iran targeted Dubai and other US allies with over 1,000 drones and missiles in retaliation for US-Israeli attacks over the last week - and is now weighing freezing billions of dollars in Iranian assets held in the Gulf state, according to the WSJ, citing people familiar with the discussions. If that happens, it could sever one of Tehran's most vital economic lifelines.  A black plume of smoke rises from a warehouse at the industrial area of Sharjah...
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