52 Days
الوطن
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الوطن

2026-09-12T18:48:00.000Z

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Saudi Arabia's actions impact global economy

Saudi Arabia's actions impact global economy

The article responded to the impact of attacks targeting energy facilities and oil transit lines in Saudi Arabia on the global market. It pointed out that these attacks led to a rise in crude oil prices, with Brent surpassing $104.61 per barrel, along with increased shipping costs, as Saudi oil supplies dropped to their lowest levels in over 30 years. Additionally, the disruption of the East-West pipeline led to higher insurance and transportation costs, which in turn increased the financial burden on the global market. The costs of petroleum products are rising significantly, threatening the stability of global energy prices.

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