Drone Attack on Saudi Pipeline Sparks Global Oil Supply Fears

Saudi Arabia has shut down its key oil pipeline after a drone attack was launched from Iraq. The attack, which occurred on September 12th, targeted the East-West Pipeline, a major artery for Saudi oil exports.

The pipeline is reportedly one of the largest in the world and carries crude oil from the Persian Gulf to the Red Sea port of Yanbu. The attack has caused significant disruptions to global oil supplies, with some analysts warning of potential price spikes.

Saudi officials have blamed the Iran-backed Houthi rebels for the attack, which they say was launched from Iraqi territory. The Houthis have claimed responsibility for the strike and warned that further attacks are possible.