Oil Prices Rise as Saudi East-West Pipeline Attack Threatens Export Routes - WSJ
Oil Prices Rise as Saudi East-West Pipeline Attack Threatens Export Routes - WSJ
Source: WSJ
―
DW NOTE
The East-West pipeline carries 5 million barrels per day from Saudi Arabia's eastern fields to Red Sea export terminals, bypassing the Strait of Hormuz. With the Strait already closed for seven months, an attack on the only functioning alternative route would eliminate Saudi Arabia's ability to export oil entirely. The kingdom is now a single sabotage event away from complete export paralysis.