Saudi Arabia has called off a portion of its oil exports to European nations after a series of drone attacks forced the shutdown of the East-West pipeline, a vital conduit for exports reaching the Red Sea. The unusual decision has triggered alarm in global energy markets and compelled purchasing nations to urgently seek substitute suppliers.
Saudi Arabia Halts European Oil Shipments Following Pipeline Attack
Why the sudden halt? Is the damage really that severe, or is this political leverage against EU sanctions?
This is terrifying. Europe was relying on those shipments for winter. Prices are going to skyrocket overnight.