Oil prices rise as Saudi pipeline outage, fresh attacks raise supply concerns

Oil prices have risen following a drone attack on Saudi Arabia's East-West Pipeline and fresh regional attacks, which have heightened concerns over global energy supplies. The incident has disrupted operations along the critical pipeline infrastructure.

According to reports citing Reuters, Saudi Arabia may require five to six weeks to repair the resulting damage. Analysts note that the prolonged outage has the potential to remove nearly four percent of total global oil supplies from the market.