Saudi pipeline shut for weeks, restricting oil flow
Saudi Arabia's crucial East-West Pipeline, an essential oil transport route, will remain largely shut for weeks as damage repairs take place. This comes after the pipeline was attacked by drones, believed to be from Iranian-backed militias in Iraq. The pipeline, stretching 1,200 kilometers across the country, was moving an average of 2.6 million to 4 million barrels per day since late August.
The shutdown threatens to significantly impact global oil supplies and prices, which have surged over 2 percent due to growing concerns about petroleum availability. Yemen's Houthi rebels, supported by Iran, have seized additional islands in the Red Sea, threatening another choke point for Saudi oil exports. The Houthi advances have put them 32 kilometers from a U.S. military base in Djibouti, strengthening their leverage in the ongoing conflict.
Written by urgent.news from The Economic Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
