Saudi Pipeline Shutdown Triggers Global Energy Crisis as Oil Tests $109

The week's dominant energy story crystallized on Monday when Brent crude surged 3.6% to $109.30 per barrel after Saudi Arabia shut its critical East-West pipeline — the 1,200-kilometer Petroline carrying roughly 4 million barrels per day and representing 4% of global supply. Drone attacks launched from Iraqi territory forced Riyadh to halt the 745-mile bypass around the Strait of Hormuz, where Houthi forces had already been targeting merchant vessels, killing at...