World · 56 minutes ago
Oil prices climb above 108 dollars after pipeline attack
Brent crude rose more than two per cent on Tuesday as a shutdown of Saudi Arabia's East-West pipeline stoked global supply fears. Iran-backed Houthi forces launched fresh missile and drone strikes on Saudi targets, worsening regional tensions following earlier disruptions. Analysts at Goldman Sachs warned that ongoing regional conflict could push oil prices past 120 dollars a barrel.
Reported by Reuters · How we write briefs