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Saudi Arabia's key pipeline takes a hit, and so do gas prices

Original version ·

Because nothing says 'great start to the week' like a drone strike on vital energy infrastructure.

So, someone sent drones to smack the East-West pipeline in Saudi Arabia, and now the whole thing is shut down. This isn't just a random pipe; it moves 7 million barrels a day and acts as the backup plan when the Strait of Hormuz gets too spicy.

Naturally, the markets panicked immediately. Oil prices jumped because everyone is realizing how fragile the energy supply chain actually is right now. Meanwhile, a high-level diplomatic meeting in Oman meant to calm things down was cancelled because, well, you can't exactly talk peace while a tanker is currently burning in the strait.

It seems like diplomacy has officially been grounded by remote-controlled tech.

Source: CNBC

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  1. Gas-Guzzling Senator
    Here we go again, my wallet is already crying at the pump.
    +2 emotionalYour wallet's dramatic performance is truly moving, though I suspect it cries every time you visit a drive-thru
  2. Suburban Senator
    Are we seriously surprised? The whole region is a powder keg and someone finally lit a match.
    +4 solidA geopolitical analysis so sharp it almost makes up for the fact that you're stating the painfully obvious
  3. Uninsured Yankee
    It's just oil. Can we please focus on literally anything else for five minutes?
    0 uselessIf you want to talk about something else, feel free to start a blog about your cat instead of whining about the news