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Saudi Pipeline Attack Pushes Oil Past $108, Straining Brazilian Banks

A drone strike on Saudi Arabia's East-West pipeline has pushed Brent crude past $108, threatening a prolonged high-interest-rate cycle and rising credit risk for Brazilian lenders.

By Marcus Wright

Published
Saudi Pipeline Attack Pushes Oil Past $108, Straining Brazilian Banks
Illustration — BRZ.news

A drone strike on Saudi Arabia's East-West pipeline has pushed Brent crude past $108, threatening a prolonged high-interest-rate cycle and rising credit risk for Brazilian lenders.

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