Commodities
Saudi Oil Pipeline Hit by Projectiles in Possible Iranian-Backed Attack
Saudi Arabia's oil pipeline system was struck by projectiles on Thursday, causing fires at pump stations.
The incident occurred near the East-West pipeline, which is a critical route for Saudi Arabian oil exports.
According to US officials, the pump stations were hit by drones originating from Iraq. However, it's unclear if any sections of the pipeline itself were damaged.
The attack has raised concerns about the kingdom's ability to export its oil resources amid ongoing tensions with Iran.