The Oil Escape Route Went Dark, and Markets Are Feeling It
According to a myriad of reports, a drone strike reportedly launched from Iraq paralyzed Saudi Arabia’s East-West Pipeline, also known as Petroline. Between the pipeline and the Strait of Hormuz disruption, Brent crude oil prices jumped 3% to $109 a barrel. Petroline Strike Sends Oil to $109 as Global Markets Flinch Earlier this week, drones […]