Saudi Arabia warns of danger at Yanbu oil hub, raising crude supply concerns

Saudi Arabia's civil defence has issued an alert regarding potential danger in Yanbu Governorate, a critical oil export hub on the Red Sea coast. Yanbu serves as a major outlet for crude shipments via the kingdom's East-West pipeline, vital for global oil supply. Any disruption could significantly impact international crude prices. This situation could potentially boost safe-haven assets like gold and put pressure on Pakistan's import-dependent economy and the PKR.

بحوالہ / Source: www.brecorder.com