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Oil pipeline shutdown, meeting postponed, ship attacked, international crude oil rises 3% in early trading.

BlockBeats news, September 14th, according to Bitget market data, during the Asian morning session, the intraday gains of WTI crude oil and Brent crude oil both expanded to 3% at one point. Last Thursday, a drone attack launched from Iraq targeted Saudi Arabia's East-West oil pipeline, forcing the Saudi government to shut down this critical crude oil artery. Riyadh did not disclose the extent of the pipeline damage or the duration of the shutdown.


In addition, a diplomatic meeting originally scheduled for Monday in Oman between Iran and Gulf Arab states to discuss the situation in the Strait of Hormuz was suddenly postponed after the pipeline attack. This Saudi pipeline has a daily transport capacity of 7 million barrels and has played a key role in alleviating severe oil supply disruptions caused by Middle East conflicts.


Separately, according to the United Kingdom Maritime Trade Operations, the security situation in Hormuz remains precarious, and another oil tanker was attacked on Sunday, causing a serious fire on board.

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