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Macro Finance

Oil Surges as Saudi Arabia Shuts Down Major Crude Pipeline

Bloomberg Markets·September 14, 2026·1 min read

Oil prices surged after Saudi Arabia shut down a major crude pipeline used to bypass the Strait of Hormuz during the US-Iran war, citing an attack and precautionary closure. Bloomberg Intelligence analyst Rob Barnett called it 'effectively a three-alarm fire' in the oil market.

Read at Bloomberg Markets
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