Attack on Saudi Arabian pipeline may cut four percent of world's oil supply

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Kingdom may need five to six weeks to repair damage from a drone attack on the pipeline that has been a critical Strait of Hormuz bypass Saudi Arabia may need five to six weeks to repair damage from a drone attack on its East-West Pipeline, taking nearly four percent of global oil supplies off the market, according to a report by Reuters. Brent, the international benchmark, was trading up three percent on Monday at nearly $108 per barrel. Oil already soared last week as a result of a lightning H