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Commodities

Houthi Attacks on Saudi Oil Infrastructure Spark Global Price Surge

Guavy AI Editorial Team
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Oil
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Fresh attacks on Saudi oil infrastructure have put upward pressure on global energy prices and political pressure on the White House to intervene.

The closure of the East-West Pipeline, also known as Petroline, will last for a matter of weeks, with the pipeline carrying up to 7 million barrels of crude oil daily.

The Saudi Ministry of Foreign Affairs said Crown Prince Mohammed bin Salman met with the top U.S. military commander in the Middle East on Monday to discuss 'the latest developments in the region.'

Last week, Axios broke news that the crown prince personally called President Donald Trump twice, urging him to launch strikes against the Houthis.

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