Saudi pipeline hit by drones will be out of service for weeks, further restricting oil flow - apnews.com
Saudi pipeline hit by drones will be out of service for weeks, further restricting oil flow - apnews.com
Source: apnews.com
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DW NOTE
Saudi Arabia built a 750-mile east-west pipeline in 1981 specifically to bypass Hormuz in a crisis. That pipeline moving crude from the Eastern Province to the Red Sea is now offline for weeks after a drone strike — removing the kingdom's primary alternative export route while the Strait remains effectively closed. With WTI at $101 and the IEA already forecasting a 6% decline in global supply this year, the hedge just became the chokepoint.