Saudis shut down oil pipeline as Houthis tighten grip on Red Sea shipping
The 1,200-km line carries 4 million to 5 million barrels a day and had been helping Saudi Arabia bypass Strait of Hormuz disruptions.
- On Thursday, Saudi Arabia's Ministry of Energy shut down its East-West pipeline as a "precautionary measure" following drone strikes in the Riyadh and Medina regions that caused injuries and facility damage.
- Iraqi authorities and Saudi officials confirmed the drones originated from Iraqi territory, prompting Saudi Arabia to hold back on immediate retaliation to allow Baghdad time to investigate the assault.
- Satellite imagery from NASA and NOAA instruments confirmed fire damage at pumping stations along the 1,200-kilometre pipeline, which normally transports 4 million to 5 million barrels of crude daily.
- Meanwhile, Houthi forces seized Yemen's port city of Mokha and Perim Island, tightening control over the Bab el-Mandeb Strait, a vital shipping lane already strained by regional conflict.
- Oil prices surged above $100 per barrel this week as the pipeline closure and Houthi blockade heighten fears of a supply bottleneck, threatening global fuel supplies during the conflict.
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Saudi pipeline outage threatens loss of 4% of global oil supply
Saudi Arabia will run out of oil stocks for exports if it doesn’t restart its major pipeline to the Red Sea within days, leading to a loss of up to 4% of global supply, Saudi oil buyers and traders said.A further decline in Saudi flows will worsen the global supply crunch, which has already pushed […]
Saudis shut down key oil pipeline as Houthis tighten grip on Red Sea shipping | Honolulu Star-Advertiser
Saudi Arabia has shut down its East-West pipeline, after the vital oil conduit came under aerial attack in the widening Middle East war, threatening to send energy prices even higher.
Saudi Arabia has few options as it faces mounting threats from Iran and its allies - Boston News, Weather, Sports
A lightning advance by Houthi rebels threatens a crucial Red Sea shipping route. Drone attacks blamed on Iraqi militias have forced the closure of a major pipeline, and...
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Iraq says Saudi pipeline attack originated from its territory, and other Mideast news
Iraq says an attack on a key Saudi oil pipeline was launched from its territory, and U.S. President Donald Trump says Iran is “probably” behind it. Meanwhile, the number of displaced people in Yemen is rising quickly after a swift…
"Riyadh in difficult position": Saudis shutter critical east-west...
Saudi Arabia temporarily shut its 7 million-barrel-a-day East-West pipeline following multiple drone attacks, exposing a massive vulnerability in a critical export route used to bypass the Strait of Hormuz during more than six months of US-Iran conflict. The closure puts new pressure on Saudi oil exports as the pipeline designed to bypass the Hormuz chokepoint becomes a target. The Energy Ministry described the shutdown as precautionary while em…
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