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S8/10Geopolitical
Oil Holds Drop as Saudi Arabia Seeks to Restore Pipeline
Oil held a drop on signs that supply disruptions in the Middle East are set to ease, with Saudi Arabia seeking to restore capacity of its damaged East-West pipeline.
Global fuel markets have been squeezed by the combined impact of the US-Iran conflict and the war between Russia and Ukraine, with Kyiv pummeling Moscow’s refineries. Bloomberg's Will Kennedy breaks down the situation.
(Source: Bloomberg)
Source: Bloomberg MarketsOriginal source
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⚠️ A model estimate of cascade risk — not a guarantee and not buy/sell. Calibration uses resolved outcomes only; monitor confirmation indicators below.
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