Saudi east-west pipeline remains offline, threatening 4% of global oil supply

Saudi Arabia's east-west pipeline stayed offline following earlier drone attacks, with officials warning of a potential loss of roughly 4% of global oil supply. Repair estimates range from several weeks to months, pushing fuel prices toward record highs.

Why this matters. A prolonged outage forces refiners and importers to seek alternate crude and product sources, compounding the Hormuz-driven supply squeeze and keeping global fuel prices elevated for consumers.