Oil Prices Soar on Pipeline Shutdown Amid Geopolitical Tensions
Crude oil prices surged more than 2.7% after Saudi Arabia shut its East-West pipeline due to drone attacks, threatening up to 4% of global oil supply.
The supply disruption pushed Brent crude above $107, while geopolitical tensions in key shipping corridors added further pressure.
Crypto markets and metals like gold and silver declined amid rising odds of a Federal Reserve rate hike, now priced at 86.3%.