Futures
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Gold
One platform for global traditional assets
Options
Hot
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Introduction to Futures Trading
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Demo Trading
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CandyDrop
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Alpha Points
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Here they come again, it's not a good thing!
The Red Sea pipeline has been blown up, and oil fields have been attacked one after another, causing Saudi Arabia's crude oil production and exports to both face emergencies.
Iran has launched a series of strikes on Saudi Arabia's energy lifelines. The critical oil pipeline in the Red Sea was attacked, causing daily oil shipments to plummet by 700k barrels; two major oil fields were bombed, reducing daily output by another 600k barrels. This east-west pipeline was originally Saudi Arabia's lifeline for bypassing the Hormuz Strait for oil transportation.