Cyberattack Shuts Down Major U.S. Gasoline Pipeline ...Middle East

Economy by : (OILPRICE) -
A cyberattack during the weekend caused the shutdown of the Colonial pipeline, which carries some 45 percent of the gasoline and diesel fuel the East Coast of the U.S. consumes, media have reported, noting that the attack could threaten the security of gasoline supply and push up prices. Gasoline futures immediately jumped on the news of the attack, adding 2 percent. According to the Wall Street Journal, Colonial Pipeline Co. learned on Friday that it had become the target of a cyberattack and that it “took certain systems offline to contain…

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