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Saudi Arabia shuts key oil pipeline as Hormuz blockade escalates supply risk
Kronen ZeitungLO·SA · IR · YE·2 days ago
Fresh attacks in the Middle East, tied to the Iran war, have driven oil prices up by more than three dollars per barrel. Talks on the Strait of Hormuz were postponed at short notice amid Gulf State tensions, and Saudi Arabia shut down its key East-West pipeline, signaling heightened supply risk. The situation is developing rapidly, with the full scope of attacks and their impact on energy infrastructure still unclear.
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