Saudi Arabia shut down a major crude oil pipeline after the attack, causing a route around the Strait of Hormuz to be interrupted, and Asian energy stocks are likely to follow the rise in oil prices. At one point, Brent crude oil rose 3.6%, breaking through $108 per barrel. Saudi Arabia said on Friday evening that it had suspended the operation of the East-West oil pipeline as a precautionary measure. The pipeline was attacked the day before, but it did not say when it would resume operation. The Minister for Foreign Affairs of Oman also announced that the meeting scheduled between Iran and the Gulf countries on opening the Strait of Hormuz waterway has been postponed.

Saudi Arabia shut down a major crude oil pipeline after the attack, causing a route around the Strait of Hormuz to be interrupted, and Asian energy stocks are likely to follow the rise in oil prices. At one point, Brent crude oil rose 3.6%, breaking through $108 per barrel. Saudi Arabia said on Friday evening that it had suspended the operation of the East-West oil pipeline as a precautionary measure. The pipeline was attacked the day before, but it did not say when it would resume operation. The Minister for Foreign Affairs of Oman also announced that the meeting scheduled between Iran and the Gulf countries on opening the Strait of Hormuz waterway has been postponed.