Saudis shut down key oil pipeline as Houthis tighten grip on Red Sea shipping - Honolulu Star-Advertiser
Saudis shut down key oil pipeline as Houthis tighten grip on Red Sea shipping - Honolulu Star-Advertiser
Source: Honolulu Star-Advertiser
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DW NOTE
Saudi Arabia is closing pipelines at the exact moment when Iran has blockaded Hormuz and global oil supply is already down 6%. This isn't risk management — it's leverage. The kingdom appears to be testing how much production it can withhold while WTI sits above $100 and every consuming nation is already rationing flow.