Drone Attack Shuts Down Saudi Oil Pipeline Amid Iran Tensions

Saudi Arabia has shut down one of its oil pipelines after a drone attack from Iraqi territory near the Iran border. The incident occurred in an area where tensions between Saudi Arabia and Iran have been escalating.

The shutdown is expected to disrupt oil exports from the kingdom, which is already under pressure due to global supply disruptions caused by U.S.-Iranian tensions.

Oil prices have surged above $100 per barrel as attacks by Iran and the U.S. further threaten supply.