Saudi Arabia Halts Key Oil Pipeline After Attacks
📡 Financial Times · 1 min read ·
Part of composite article Saudi Arabia's Oil Lifeline Cut: Houthis Seize Red Sea Strait as Drone Attack Shuts 745-Mile Pipeline, Oil Hits $110 View full article →
Saudi Arabia has shut down its East-West pipeline following attacks. The pipeline is important because it lets Saudi oil reach the sea without passing through the Strait of Hormuz, a narrow waterway that is a frequent point of tension.
The move is likely to push oil prices even higher. Prices have already been rising quickly.