Saudi Arabia shuts East-West crude pipeline after multiple attacks
Saudi officials closed the East-West oil pipeline, which bypasses the Strait of Hormuz, following a series of drone and missile attacks attributed to Yemen's Houthi rebels. The shutdown is expected to affect crude flows and has contributed to a rise in global oil prices, with analysts noting potential longer‑term impacts on regional supply chains.
First reported 3 days ago · latest update 9 hours ago
Saudi Arabia has halted operations on its East‑West crude oil pipeline following a series of attacks on the facility. The decision was taken after multiple incidents that targeted the pipeline, prompting authorities to suspend the flow of oil through the line as a precautionary measure.
The East‑West pipeline, which runs across the kingdom, provides a route for Saudi crude that bypasses the strategic Strait of Hormuz. By allowing oil to be transported inland and then exported through ports on the Red Sea, the line reduces reliance on the narrow waterway that is a frequent flashpoint for regional tensions.
Details of the attacks have not been fully disclosed, but officials indicated that the incidents were significant enough to warrant an immediate shutdown. The move is intended to safeguard the infrastructure and prevent any further disruption to the kingdom’s oil export capacity.
The suspension is expected to have short‑term implications for Saudi oil shipments, although the country retains substantial alternative export routes through its major seaports. Analysts note that the pipeline’s closure may temporarily affect global oil markets, given Saudi Arabia’s role as a leading producer.
Saudi authorities have not provided a timeline for when the East‑West pipeline might resume operations, stating that the line will remain offline until a thorough assessment and any necessary repairs are completed. The shutdown underscores the ongoing security challenges facing energy infrastructure in the region.
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What Is Saudi Arabia’s East-West Pipeline and Why Is It Rocking Oil Markets? - WSJ
What Is Saudi Arabia’s East-West Pipeline and Why Is It Rocking Oil Markets? WSJ
16 hours agoWhat the closure of Saudi Arabia’s East-West pipeline could mean for oil flows - AP News
What the closure of Saudi Arabia’s East-West pipeline could mean for oil flows AP News
9 hours agoSaudi Arabia shuts East-West pipeline that bypasses Hormuz after attacks - Financial Times
Saudi Arabia shuts East-West pipeline that bypasses Hormuz after attacks Financial Times
3 days agoOil prices rise after drone attacks shut down Saudi Arabia’s East-West pipeline
Price spike comes as rebel Houthis in Yemen target oil infrastructure and capture strategic island in Bab al-Mandab straitBusiness news – live updatesOil prices have climbed above $107 a barrel after a series of drone attacks forced Saudi Arabia to close its east-west crude pipeline.Brent crude, the international benchmark for oil prices, surged to as much as $108 a barrel at one point on Monday, later easing back to $107.7 – a 3% increase on the day. Continue reading...
23 hours ago · Lauren Almeida