Commodities
East West Oil Pipeline Temporarily Shut Down After Saudi Attacks
Saudi Arabia has temporarily shut down its East-West oil pipeline following attacks on pumping stations that triggered fires. The strikes have raised concerns about energy infrastructure in the region, already under pressure from supply and shipping risks.
The U.S. officials told CNN that an early assessment indicated drones used in the strikes may have originated from Iraq.
Iraqi authorities condemned the attack and said an investigation had been opened to determine who was responsible.
The East-West pipeline carries crude oil from eastern Saudi Arabia to the Red Sea port of Yanbu, allowing Saudi exports to bypass the Strait of Hormuz.