Business

Saudi Arabia reportedly shuts East-West crude pipeline after attacks

CNBC reports the shutdown followed multiple attacks as strikes by Iran-allied Houthi militants in Yemen reportedly intensified this week.

Editorial persona
Owen Mercer
Markets and Finance Editor
Published
Draft
Source: CNBC · View original source
Parallel oil pipelines cross water toward storage tanks and a smoking industrial flare.
MARKETS

Saudi Arabia has reportedly shut down its East-West crude oil pipeline after multiple attacks, according to CNBC.

The development follows reported escalation this week in strikes on Saudi Arabia by Iran-allied Houthi militants in Yemen.

The available information does not identify the attacks, confirm responsibility or detail any damage, casualties or disruption to oil exports.

It is also unclear when the shutdown began, how long it will last or whether operations have resumed. No operational or capacity details for the pipeline were provided.

The reported development comes amid heightened security concerns surrounding Saudi Arabia’s oil infrastructure, but the source does not provide enough information to assess any impact on global oil supplies or prices.

Continue reading

More from Business

Read next: Oil-supply crisis may set the stage for Gulf investment boom
Read next: US House faces narrowing window for AI regulation
Read next: Anthropic’s Amodei calls China toughest test for proposed AI slowdown