Saudi Pipeline Attack Sparks Global Energy Crisis Fears

Saudi Arabia is facing a severe energy crisis after an attack on its East-West pipeline, which transports crude oil across the kingdom. The shutdown risks keeping 4% of the world's oil supply from reaching international markets and driving energy prices even higher.

The pipeline was struck by an Iran-backed militia, forcing Saudi Arabia to reroute millions of barrels of oil. The damage is significant, with estimates suggesting that the world could lose 120 million barrels of crude if the East-West Pipeline is offline for a month.

Saudi officials have been tight-lipped about the extent of the damage and how long it might take to restart operations. Analysts are divided on the timeline, but most agree that it will be several weeks before the pipeline is back online.