Saudi Pipeline Outage Hits an Oil Market Running Out of Buffers

Saudi Pipeline Outage Hits an Oil Market Running Out of Buffers

Source: Oilprice.com

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DW NOTE

The Strait of Hormuz is already closed — 2,000 ships stranded, oil supply down 6% this year. Saudi Arabia's East-West pipeline was supposed to be the backup route when the chokepoint failed. If that's now offline, the kingdom has no way to bypass the Gulf. This isn't a supply shock layered on top of existing risk; it's the failure of the last credible workaround.

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