International Report: Five Percent of World's Fuel Exited Market After Attack on Saudi Pipeline

mesoiraq - An international report published today (Saturday, September 12, 2026) revealed that five percent of the fuel available in the global market has gone out of circulation as a result of the strike that targeted the Saudi oil pipeline.

The report explained that Saudi Arabia announced the closure of the East-West oil pipeline after it was hit by an attack launched from Iraqi territory, noting that the closure caused the global market to lose about 5% of the supplied fuel quantity.

The report warned that global oil prices will exceed one hundred and twenty dollars per barrel in the coming few days if the lost market share is not restored, stressing that the highest prices will be borne by diesel fuel.

It is worth noting that the Iraqi government announced the formation of an investigation committee in cooperation with Iran to examine the details of the attack that targeted the Saudi oil pipeline.