rafidainscope - A news report published today (Saturday, September 12) revealed that five percent of the fuel available in the global market has been withdrawn from circulation as a result of the strike that targeted the Saudi oil pipeline. According to
the report, as translated by RafidainScope, Saudi Arabia announced the closure of the East-West oil pipeline after it was hit by a strike launched from Iraqi territory, explaining that the closure caused the global market to lose about 5% of
the supplied fuel quantity. The report warned that global oil prices will exceed one hundred and twenty dollars per barrel in the coming few days if the lost market share is not restored, stressing that the highest prices will be borne
by diesel fuel. It is worth noting that the Iraqi government announced the formation of an investigation committee, in cooperation with Iran, to uncover the details of the attack on the Saudi oil pipeline.
