Iraq Confirms Attacks on Saudi Oil Pipeline Originated from Its Territory

Iraq's government confirmed that attacks on a key Saudi oil pipeline originated from its own territory. The government pledged to investigate further into the incident, which led to Saudi Arabia shutting down the major oil pipeline as a precautionary measure.

The shutdown comes at a time when crude prices have soared above $100 a barrel, and fears are mounting that gas and oil prices may rise further. Iraq also closed two key border crossings with Iran, halting all traffic until further notice, according to Iranian state media.