Skip to content
Back to Guavy Wire
Commodities

Iran Denies Role in Saudi Pipeline Attack Amid Rising Regional Tensions

Instruments
Oil
Share

Iran has denied any involvement in an attack on Saudi Arabia's East-West oil pipeline. The pipeline was struck by drones on September 10, forcing a temporary shutdown of the route.

US President Donald Trump had previously suggested that Iran was responsible for the attack, stating 'I think they are, probably they are.'

Iranian Foreign Ministry spokesman Esmail Baqaei described this accusation as a 'lie', saying that actors from outside the Middle East were trying to increase tensions in the region.

The US Navy has imposed a naval blockade on Iranian ports and Iran largely blocked traffic through the Strait of Hormuz after the outbreak of war in February. The strait typically handles around 125 large commercial vessels per day, but traffic fell to single-digit levels over the weekend.

More on Commodities

Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

Market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

© 2026 Guavy Inc