The East-West pipeline in Saudi Arabia remains closed following a drone attack that occurred last week, significantly impacting the country’s oil supply. Saudi Arabia has attributed the attack to Iranian-backed militias operating in Iraq, highlighting ongoing regional tensions. This incident underscores the vulnerability of critical infrastructure in the Middle East and its potential to disrupt global oil markets. Ann Berry, founder of Threadneedle, joins the discussion to provide insights into the situation. The attack not only affects Saudi Arabia’s oil exports but also raises concerns about the security of energy supplies worldwide, emphasizing the geopolitical complexities in the region.
QUESTION: How might the disruption of oil supplies from the Middle East influence global economies and the daily lives of people around the world?
Saudi Arabia’s critical pipeline remains shut as oil prices soar
