Saudi Oil Pipeline Shut Down After Drone Attack from Iraq
Part of composite article Oil Prices Fall as Saudi Arabia Opens New Supply Routes After Pipeline Attack View full article →
Saudi Arabia has shut down a major oil pipeline after drone strikes from Iraq triggered fires, widening the fallout from the Iran war.
The attack adds to growing pressure on the Saudi government. Iran-backed Houthi forces have captured strategic points along the Red Sea, moving closer to control of the Bab al-Mandeb Strait — a vital passage for global oil shipments.
The pipeline shutdown and the Houthi advances together raise new risks for Saudi oil exports and international energy supplies.