Saudi Pipeline Closure Heightens Fears of Oil Shortages Amid Iran War

Saudi Arabia's closure of its East-West pipeline after a recent attack is causing concern about global energy markets already strained by the war with Iran. The attack, which Saudi Arabia blames on drones from Iranian-backed militias in Iraq, has halted oil flows through the pipeline.

The pipeline was closed on Friday and repairs are expected to take three to five weeks, according to regional officials who spoke to the Associated Press. This could lead to even starker shortages and higher prices for fuel and other essentials in global energy markets already under pressure.