Saudi Arabia Halts Some Oil Shipments to Europe After Drone Attacks
Saudi Arabia has temporarily halted some oil shipments to Europe following drone attacks on its East-West pipeline, according to multiple reports. The attacks, suspected to be carried out by Houthi rebels, have forced the kingdom to cancel September crude oil cargoes and delay others until at least November. The disruptions have raised concerns about potential oil shortages in Europe and a spike in prices, especially heading into winter. Saudi Arabia has also suspended oil exports via the Red Sea, and European buyers are scrambling to find alternative suppliers.193 sourcesSee all sources