Attacks on Saudi Arabia's East-West pipeline on September 16, 2026, risk removing 4% of global oil supply from markets, with estimates of prolonged repairs pushing prices to multi-month highs. The shutdown threatens energy supply chains worldwide as the Middle East conflict continues.
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Estimates vary on how long it could take before a crucial pipeline is repaired, but a prolonged shutdown could push oil prices to their highest levels in months.
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"As Iran and its allies tightened their grip on shipping lanes in the Persian Gulf, Saudi Arabia scrambled this week to reroute millions of barrels of oil after being forced to close a critical pipeline damaged in an attack." Prolonged restrictions on exports could push oil prices even higher.
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Iran — Rising oil prices linked to prolonged Iran conflict and global inflation fears #Iran #News Oil prices may climb to $150 per barrel as the Iran conflict continues, according to recent forecasts. The Reserve Bank of Australia has warned of inflationary pressures, citing ongoing geopolitical t… · Photo : marinephotobank · CC BY · Flickr