Oil spikes to $110 as Saudi Arabia shuts key pipeline after Iraq drone attack
Part of composite article Saudi Arabia's Oil Lifeline Cut: Houthis Seize Red Sea Strait as Drone Attack Shuts 745-Mile Pipeline, Oil Hits $110 View full article →
Saudi Arabia shut down a major oil pipeline following a drone attack launched from Iraq. The news briefly pushed oil prices to $110 a barrel. Markets fear the conflict in the Middle East is widening.