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Expectations of Rising Oil Prices and American Moves to Contain the Situation

March 7, 2026AL24 | الاقتصادal24news.dzTranslated from Arabic
Expectations of Rising Oil Prices and American Moves to Contain the Situation

The State Security Service in Azerbaijan announced today, Saturday, that it has thwarted sabotage activities targeting a major oil pipeline (Baku-Tbilisi-Ceyhan) that runs through the South Caucasus to Turkey, transporting oil to Europe and ensuring one-third of Israel's imports. Targeting this pipeline leads to another increase in global energy prices. Oil prices have risen by about 30% since the beginning...

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