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Saudi Arabia shuts East-West oil pipeline after drone attacks
Saudi Arabia has suspended operations of its strategic East-West oil pipeline following drone attacks launched from Iraqi territory. The shutdown threatens to disrupt up to 4% of the global oil supply and has caused Brent crude prices to rise above $100 per barrel, with some estimates suggesting prices could test $120 if the outage is prolonged.
At the Yanbu export terminal on the Red Sea, industry sources warn that existing oil stocks may only sustain exports for five to seven days. While some sources suggest repairs could be completed quickly, others indicate that restoring the pipeline could take between five and six weeks.
The energy crisis is compounded by escalating regional tensions, including Houthi rebels gaining control over the strategic Bab al-Mandab strait and reports of a projectile strike causing a fire on a commercial vessel in the Strait of Hormuz. These developments have heightened fears of a significant global energy supply shock.
Entities
Ali Falih al-Zaidi · Ali al-Zaidi · Aramco · Bab al-Mandab · East-West Pipeline · East-West Pipeline · Houthi · Houthi rebels · Houthis · Iran · Iraq · Maysan Province
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 2 SOURCES] Satellite images show extensive fire damage and smoke plumes at pumping stations along the pipeline.
- [● 4 SOURCES] The drones used in the attack originated from Iraq.
- [● 2 SOURCES] Projectiles struck Saudi Arabia’s east-west oil pipeline system, causing fires at pump stations.
- [○ 1 SOURCE] WTI crude oil prices fluctuated near $100 per barrel following the news of the infrastructure attacks.
- [○ 1 SOURCE] The attacks may have involved unmanned aerial vehicles (UAVs) believed to have launched from Iraq.
- [○ 1 SOURCE] Emergency and technical teams have been dispatched to the site to assess security and damage.
- [● 16 SOURCES] The attacks resulted in injuries to several individuals. petroleoenergia.com
- [● 7 SOURCES] The Saudi Arabian Ministry of Energy has preemptively closed the East-West Crude Oil Pipeline due to attacks.
- [● 3 SOURCES] Satellite imagery and NASA FIRMS data detected large smoke clouds and thermal anomalies along the pipeline route.
- [● 14 SOURCES] U.S. officials reported that the Saudi Arabian oil pipeline system was struck by various munitions. n1info.ba
- [● 18 SOURCES] Saudi Arabia suspended operations of the East-West pipeline as a precaution following attacks on September 10. n1info.ba · petroleoenergia.com
- [● 6 SOURCES] Crude oil prices rose above 100 dollars per barrel following the incident. n1info.ba