Brent crude rose toward $108 per barrel after Saudi Arabia shut its East-West pipeline, a major export route that bypasses the Strait of Hormuz. The pipeline can carry up to 7 million barrels per day, and its closure is expected to tighten near-term oil supply. Brent had been trading around $104.61 before the shutdown and has remained above $100 in recent sessions. Market pricing indicates a higher likelihood of a new crude-oil all-time high by December 31, while the odds of such a high by September 30 stand at 2.2% YES, pointing to limited immediate impact. Observers are watching the duration of the closure, possible compensatory steps by other producers, comments from Abdulaziz bin Salman Al Saud and OPEC’s Mohammad Sanusi Barkindo, and wider Middle East tensions. Vera is promoting live prediction-market analysis related to the developments.