The East-West pipeline, which allows Saudi Arabia to bypass the Strait of Hormuz, is completely stopped due to drone attacks that hit the infrastructure. This pipeline is a crucial alternative route for oil transport, allowing the avoidance of one of the world's most strategic and vulnerable maritime routes.
The shutdown of the pipeline could put up to five million barrels per day at risk, which represents approximately 5% of the world's oil supply. This significant impact on global supply is causing a rise in crude prices in international markets.
The duration of the shutdown remains uncertain, and it is this factor that could be decisive in understanding the extent to which oil prices can continue to rise. The longer the interruption lasts, the greater the impact on markets and consumers worldwide.
Journalist João Duarte Fernandes, from Negócios, analyzes the situation and explains the implications of this incident for oil markets and the global economy.
