Saudi Aramco suspends Yanbu loadings after pipeline halt; Brent spikes to $108

Saudi Arabia has suspended crude loadings at Yanbu port following a halt of the East-West pipeline, exacerbating supply shortages and sending Brent to $108. The disruption hits Asian buyers hardest, with Chinese futures reaching a record $138 per barrel. The cause of the pipeline halt remains unconfirmed, and the duration of the suspension is uncertain, but the immediate impact is a tightening of global crude supply.