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Commodities

Saudi Arabia shuts Hormuz-bypass oil pipeline after attacks

Saudi Arabia temporarily closed its East-West oil pipeline after drone attacks reportedly launched from Iraq, removing a crucial export route designed to bypass the Strait of Hormuz. The shutdown is expected to add upward pressure to oil prices. RSS reports do not quantify damage, lost flows or the expected duration of the closure.

Why it matters

Losing the bypass route increases supply risk while shipping through Hormuz remains threatened.

Sources

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