Saudi Arabia shut down its key East-West oil pipeline after multiple attacks caused fires and injuries at pumping stations. Saudi authorities said the pipeline was closed as a precaution while teams assessed the damage. The attacks were reportedly carried out by drones originating from Iraq, although responsibility has not been independently confirmed.
The strikes threaten a crucial oil-export route that has become increasingly important since the Strait of Hormuz was effectively closed during the US-Iran war. Saudi Arabia has been using the pipeline to move about 5 million barrels of oil a day to the Red Sea port of Yanbu, while threats from the Houthis could also endanger shipping through the Red Sea.
Iraq condemned the attacks and ordered an urgent investigation, saying its territory and airspace would not be allowed to be used against Saudi Arabia. The incident comes as oil prices have surged above $100 a barrel and Saudi crude production has fallen to its lowest level since 1990, increasing concerns over regional energy supplies.
