Iran Drone Strike Hits Saudi Pipeline Pumping 7M Barrels Daily

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Published: 1 hour ago

Iranian drones struck Saudi Arabia's East-West Pipeline pumping station Wednesday morning. The critical 1,200km pipeline was operating at emergency capacity of 7 million barrels per day to bypass the Strait of Hormuz. Oil supply disruptions typically strengthen commodity currencies like CAD and weaken oil-importing nations' currencies. The attack occurred hours after a US-Iran ceasefire announcement, adding geopolitical uncertainty that benefits safe-haven currencies.

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