'NEED MORE OIL': Global oil supply faces SHOCK as Saudi pipeline goes offline

• Crude oil and Brent crude prices are significantly up, with diesel hitting an all-time high of $6.23/gallon in the US.
• Drone attacks on a key Saudi pipeline have taken 4.5 million barrels of crude oil per day off the market, exacerbating global supply concerns.
• Discussions revolve around potential US military action against Iran ('finish the job') and the perceived inaction of European allies in addressing the energy crisis.

The segment discusses the sharp rise in global oil and diesel prices, driven by geopolitical tensions including the Russia-Ukraine war and drone attacks on Saudi pipelines. Panelists debate strategies for addressing the energy crisis, with some advocating for military action against Iran and others highlighting the need for energy independence and questioning Europe's role in the crisis. The overall outlook for energy prices remains challenging.