The Guardian Business · Экономика · 1 ч назад
Oil prices rise after drone attacks shut down Saudi Arabia’s East-West pipeline
Price spike comes as rebel Houthis in Yemen target oil infrastructure and capture strategic island in Bab al-Mandab strait Business news – live updates Oil prices have climbed above $107 a barrel after a series of drone attacks forced Saudi Arabia to close its east-west crude pipeline. Brent crude, the international benchmark for oil prices, surged to as much as $108 a barrel at one point on Monday, later easing back…
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Prefer the Guardian on Google Oil prices have climbed above $108 a barrel after a series of drone attacks forced Saudi Arabia to close its east-west crude pipeline.
Brent crude, the international benchmark for oil prices, surged to as much as $108.03 a barrel on Monday – a 3.25% increase on the day.
The spike came after Yemen’s Iran-aligned Houthi forces launched several attacks against Saudi Arabia and captured the strategic island of Perim in the Bab al-Mandab strait on Sunday, expanding their control of the waterway.
Traders in the kingdom have warned it will run out of oil stocks for export if it does not reopen the east-west pipeline within days.
Gas prices also climbed higher on Monday, with the UK benchmark rising by 5% to 208.73p a therm – its highest level since December 2022.