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00:02Crude oil prices jumped Sunday after Saudi Arabia closed its east-west pipeline
00:07following a drone attack launched from Iraq, according to CNBC.
00:12U.S. West Texas Intermediate Crude rose 3.46% to $103.51 per barrel,
00:19while Brent Crude gained 3.51% to $108.28.
00:24The pipeline can carry 7 million barrels per day
00:26and has helped Saudi Arabia shift exports away from the Strait of Hormuz during the Iran War.
00:32Riyadh has not disclosed the extent of the damage or when the pipeline could reopen.
00:37A planned meeting between Iran and Gulf Arab states was postponed after the attack.
00:42Security concerns also intensified after another tanker was attacked on Sunday,
00:46causing a severe onboard fire.
00:48For all things money, visit Benzinga.com.
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