Saudi Oil Pipeline Attack Disrupts Supply, Rattles Markets

Saudi Arabia has shut down a critical East-West crude oil pipeline, a vital artery for global energy markets, following drone attacks launched from Iraq. The pipeline, which spans 745 miles across the Arabian peninsula, connects the oil-rich eastern province to the Red Sea port of Yanbu, allowing for bypass of the Strait of Hormuz.

The closure comes as the world's largest crude oil exporter has increased its reliance on this route to circumvent disruptions in the Strait of Hormuz, a key chokepoint for oil shipments, amid ongoing conflict in the Middle East. The attacks have already sent ripples through energy markets, with U.S. diesel fuel prices reaching a new high due to mounting concerns over potential further threats to oil supplies.