Saudis shut down oil pipeline as Houthis tighten grip
IRAN-CRISIS:Saudis shut down oil pipeline as Houthis tighten grip on Red Sea shipping
Saudi Arabia has temporarily shut down its East-West oil pipeline following aerial attacks, potentially raising energy prices. The 1,200-kilometer pipeline, which carries 4-5% of global oil supply, has been operating amid the ongoing Middle East war. The attacks were blamed on Iran-backed Houthis, who also injured two people in Jazan region.
Saudi Arabia has requested U.S. military assistance to combat the Houthis, though Washington has not committed to direct intervention. Meanwhile, Iran has declined to attend a meeting in Oman to discuss the future of the Strait of Hormuz, demanding its control be recognized.
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