Oil Prices Jump After Major Saudi Pipeline Attack

A key pipeline in Saudi Arabia has been shut down after new strikes. This is pushing gas and oil prices higher across the world.

Oil prices are moving up today. This happened after Saudi Arabia had to shut down an important pipeline. This pipeline is a big deal because it lets oil bypass the Strait of Hormuz. The Strait of Hormuz is a narrow stretch of water that many ships use to move oil. It is a very busy and important area for the world’s energy supply. Experts say the shutdown is making the current energy crisis worse. Oil prices have already gone up by almost 3% following reports of new strikes in the area. Former President Donald Trump said he believes Iran is likely responsible for the attack on the pipeline…