Oil routes in peril as attacks shut Saudi pipeline and Houthis threaten key waterway - The Washington Post
Oil routes in peril as attacks shut Saudi pipeline and Houthis threaten key waterway - The Washington Post
Source: The Washington Post
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DW NOTE
Saudi Arabia has now lost both the Strait of Hormuz — closed since July — and a domestic pipeline to Houthi strikes. The kingdom that built its entire export infrastructure on the assumption of open sea lanes is discovering what happens when that assumption breaks. Rerouting Middle Eastern crude overland was always the fallback plan. It only works if the pipelines stay intact.