Pipeline Attack Sparks Global Oil Panic | Spokane News

A drone strike on Saudi Arabia’s vital oil pipeline threatens to remove 4% of global supply, sending shockwaves through energy markets as prices surge past $107 a barrel — the highest since a presidential election. With U.S. midterms looming, the administration fears fuel price spikes could sway voters, while any military response risks depleting ammunition and escalating tensions. Europe and the U.S. brace for colder months with rising demand, compounding pressure. The attack, traced to Iran-backed militias in Iraq, has so far avoided direct retaliation from Riyadh — though intelligence cooperation with Israel may be helping deter further strikes. Experts warn of potential market panic and unpredictable fallout. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Sources:https://www.latimes.com/politics/story/2026-09-15/mideast-escalation-risks-oil-shock-ahead-of-midterms More coverage & latest updates:https://sources.thednn.ai/6bba02b668578b18 Report issues to [email protected].