Saudi Arabia shut down East-West crude oil pipeline after multiple attacks - cnbc.com
Saudi Arabia shut down East-West crude oil pipeline after multiple attacks - cnbc.com
Source: cnbc.com
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DW NOTE
Saudi Arabia just lost the only physical bypass around the Strait of Hormuz. The East-West pipeline was the kingdom's insurance policy — 5 million barrels per day of capacity to ship crude from the Eastern Province to the Red Sea without crossing water Iran controls. Now both routes are shut, and global supply is already down 4.3 million barrels per day in 2026. WTI at $99.76 is pricing in scarcity that just became structural.