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Evening Standard
Evening Standard
Environment
Anna Wise

Oil and gas prices climb after Saudi Arabia closes east-west pipeline

Oil Gas Prices Saudi Arabia IEA United States
The cost of crude oil eased back on the latest hopes of a resolution to the Iran conflict (Alamy/PA) -

Oil and gas prices have climbed higher after Saudi Arabia shut down a vital oil pipeline in response to a series of drone attacks.

The world’s financial markets continue to be rocked by fighting in the Middle East that is causing further disruption to global supply of the key commodities, sending wholesale prices surging.

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