Saudi pipeline shutdown risks oil supply
A drone attack on Saudi Arabia's East-West Pipeline, which connects the Eastern Province to the Red Sea port of Yanbu, led to its temporary shutdown, posing a risk of losing up to 4% of global oil supplies. Current stockpiles are sufficient for only about 5 to 7 days, according to informed sources, raising concerns about the sustainability of Saudi oil exports. The attacks that occurred in October of last year caused injuries and damage to facilities, as the pipeline is a major route for Saudi exports during periods when tankers' passage through the Strait of Hormuz is disrupted due to conflicts. Saudi Arabia has announced that it will not respond at this time but retains the right to protect its facilities. Meanwhile, Iraq dismissed a military commander responsible for operations in Maysan Province in connection with the attack.
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