Key Saudi Pipeline to Be Shut Down for Weeks as Diesel Prices Hit Record Highs

Fears of a global energy shortage are rising amid new revelations about damage inflicted last week on a key oil pipeline in Saudi Arabia. According to a Monday report in The Associated Press, Saudi Arabia’s East-West Pipeline, which is used to transport oil to the Red Sea, will be shut down for weeks after being hit last Thursday by a drone strike. Anonymous officials in the region told…

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