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Saudi pipeline hit by drones will be out of service for weeks, further restricting oil flow
- On Thursday, a drone attack that Saudi Arabia blamed on Iranian-backed militias in Iraq struck a crucial oil pipeline, forcing authorities to shut the 1,200-kilometer East-West Pipeline for three to five weeks.
- The kingdom relies on this route to move crude from Gulf ports to the Red Sea, largely replacing exports through the Strait of Hormuz, which Iran has stifled during the war.
- Rystad Energy warned a monthlong closure represents a "large disruption" for global markets, as Brent crude prices surged more than 2% to reach $109 amid fears of losing 2.6 million to 4 million barrels daily.
- Yemen's Iranian-backed Houthi rebels seized the strategic Greater and Lesser Hanish islands on Monday, tightening their grip on Red Sea shipping routes 160 kilometers north of the Mandeb Strait.
- The escalating conflict has displaced nearly 94,000 people and killed more than 500 in the last week, pushing Yemen toward famine as fighting threatens to reignite a decade-long war that killed more than 150,000.
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Associated Press News+4 Reposted by 4 other sources
Saudi pipeline hit by drones will be out of service for weeks, further restricting oil flow
A crucial Saudi oil pipeline that was struck in an attack will mostly be out of service for weeks as the damage is repaired. That's according to two regional officials.
·New York, United States
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Total News Sources5
Leaning Left4Leaning Right1Center0Last UpdatedBias Distribution80% Left
Bias Distribution
- 80% of the sources lean Left
80% Left
L 80%
R 20%
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