Saudi Pipeline Shut Down Amid Escalating Middle East Tensions
Saudi Arabia has closed its East-West pipeline, which carries 4-5% of global oil supplies, after it was attacked by drones launched from Iraq. The shutdown follows a series of attacks by Houthi rebels in Yemen that have threatened to deepen the world's energy crisis.
The pipeline, which is over 745 miles long, helps Saudi Arabia bypass the blocked Strait of Hormuz and has been a key route for oil exports since the U.S. and Israel waged war on Iran in late February.
Saudi officials said they would not retaliate against Iraq for now, following a request from Prime Minister Mustafa Al-Kadhimi, but reserved the right to take necessary measures to protect their sovereignty and security.
The Houthi rebels have been gaining ground in Yemen, capturing key ports and islands along the Red Sea coast. Their control over the Bab el Mandeb Strait could further reduce oil supplies through this vital waterway.