Saudi Arabia Shuts Down Major East-West Oil Pipeline After Drone Attack

Saudi Arabia has temporarily shut down its crucial East-West oil pipeline following a drone attack, which Saudi officials claim originated from Iraq. This pipeline is vital for transporting oil from eastern Saudi Arabia to the Red Sea coast, especially given the disruptions in the Strait of Hormuz. The incident, coupled with the Houthi's seizure of Bab al-Mandeb, represents a significant blow to Saudi oil exports and further escalates risks to global energy supplies, contributing to rising oil prices.