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The Economic Times

Top News / The Economic Times

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What the closure of Saudi Arabia's East-West pipeline means for oil flows

Saudi Arabia closed a major oil pipeline after a drone attack, raising global energy shortage fears. This closure threatens to remove millions of barrels of oil from the market daily. The war with Iran has already strained energy supplies and increased prices significantly. Consumers worldwide are experiencing higher fuel and energy costs due to these disruptions. Experts warn of further supply shocks and escalating prices impacting households globally.

15 Sep 2026 7:18 am