Saudi Arabia's East-West Pipeline Closure Raises Oil Flow Concerns

Saudi Arabia's East-West pipeline closure due to an attack by Iranian-backed militias in Iraq has raised concerns of global energy shortages, pushing prices higher for fuel and other essentials. The pipeline, crucial for shipping oil to the Red Sea, is expected to be offline for 3-5 weeks. Brent crude traded at over $105 a barrel, with experts warning of more supply shocks and higher prices straining households.