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Saudi Arabia temporarily shut down its strategic East–West oil pipeline after a drone attack. The pipeline helps transport crude to the Red Sea while bypassing the Strait of Hormuz. The attack has intensified concerns over regional energy security and global oil supplies.
Reuters
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Although the Houthis have carried out attacks on Saudi energy infrastructure, Saudi and Iraqi authorities attributed this particular attack to Iran-backed militias operating from Iraq. Oil prices have surged amid fears of prolonged supply disruptions.
Reuters
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00:00Meanwhile, as the Houthi-Saudi war continues to escalate, the Houthis have started capturing
00:03even more areas. The key strategic sea route in the Bab al-Mandeb Strait is now under Houthi
00:08control. This includes the city of Mocha and its port, which were under the control of the
00:11Yemeni government until just two days ago. And today, another important port city, Dubaab,
00:16has also come under Houthi control. Along with this, the Houthis have established their control
00:19over several small and large islands in the Bab al-Mandeb Strait, including the strategically
00:23important island of Parham. And now, the Houthis are also rapidly advancing further toward the
00:28southern entrance of the Red Sea. All of this is happening at a time when, according to reports,
00:32more than 100 senior Iranian IRGC commanders and military experts have arrived in Yemen,
00:36where they are guiding and supporting the Houthis. But the bad news doesn't stop there.
00:40One drone, reportedly coming from the direction of Iraq, has hit Saudi Arabia's east-west pipeline.
00:44The important east-west pipeline has now been shut down. The Strait of Hormuz is already closed.
00:49Saudi Arabia used this pipeline to transport its oil to the Red Sea, from where it could then be
00:53exported. And along with all of this, crude oil prices in the international market have now reached
00:57$104 per barrel.
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