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Saudi pipeline outage threatens global fuel supply, pushing gas prices higher amid tight market conditions.

Market News
13 Sep 2026, 18:31 WIB
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Bearish
Saudi pipeline outage threatens global fuel supply, pushing gas prices higher amid tight market conditions.

Saudi Arabia's critical East-West oil pipeline, carrying about 4% of global supply, was shut down due to Houthi strikes, risking global fuel shortages within days. The outage worsens an already tight market, with Saudi crude production down significantly and no easy supply replacements. Gas prices in the U.S. have risen above $4.30 per gallon, and further increases are likely if the pipeline remains offline. Markets will watch for Saudi repair updates or emergency oil reserve releases to gauge the crisis's duration and impact.

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