Saudi pipeline closure threatens 4% of global oil supply as geopolitical risks mount

A Saudi pipeline outage following an attack has disrupted approximately 4% of global crude supply, pushing WTI $WTI crude past $104 per barrel amid escalating Iran-U.S. tensions and Houthi maritime strikes. Gulf states have called off a planned meeting with Iran, signaling deteriorating diplomatic prospects.

Traders warn of sustained refining bottlenecks and winter energy scarcity if Middle East disruptions persist, complicating the inflation-rate hike calculus for central banks. #petrole #geopolitique #energie