Oil Jumps as Saudi Pipeline Attack Deepens Energy Crisis
Community Score: 50% | 12.7K views | 4w
0 community ratings: null thumbs up, null thumbs down
Oil surges above $108 a barrel after an attack shuts Saudi Arabia’s East-West pipeline, a key route that bypasses the Strait of Hormuz and threatens to deepen the global energy crisis. A planned Oman-Iran meeting on Hormuz is postponed as Saudi Arabia submits amendments to Oman’s proposal, while Houthi advances raise fresh risks for shipping through the Bab el-Mandeb Strait. The US energy deputy secretary discusses Venezuela’s oil potential and efforts to limit the impact of higher prices. Asian stocks fall on concerns over an AI slowdown, with SoftBank shares sliding after AI leaders raise caution about development and spending. OpenAI’s Sam Altman says the company will prioritize safety and does not expect an IPO in 2026, while AI figures including Altman and Elon Musk weigh concerns over the pace of AI development. Markets also face a major week for central banks, with Kevin Warsh under pressure to consider a 25-basis-point rate hike. US core CPI comes in above forecasts, adding to
Tags: Abeer Abu Omar, Africa, Avril Hong, BOJ, Bloomberg, Bloomberg News, Bloomberg TV, Bloomberg Television, Brent Crude, CPI, Canada, China, Dangote Group, Donald Trump, Economy, Federal Reserve, Hasan Alhasan, Iran, Israel, Middle East
More from Bloomberg Television
- Americans Crave Low-Cost Chinese EVs — Score: 50%
- Bloomberg This Weekend | Shots Fired at WHCD — Score: 50%
- Rep. Beyer: "We Are More Divided Than We've Ever Been" — Score: 50%
- Rep. McCaul on How to Combat Political Violence — Score: 50%
- Sen. Tillis Expected to Clear Way for Kevin Warsh as Fed Chair — Score: 50%
- King Charles' Security Under Review ahead of DC Visit — Score: 50%