Saudi Arabia shuts key oil pipeline amid regional tensions
after close1 source ↓written by the desknot a recommendation
- which previously handled
- 20% of global oil
Saudi Arabia has closed the East-West pipeline after drone strikes from Iraq, impacting oil flow. This 745-mile pipeline is crucial for bypassing the Strait of Hormuz, which previously handled 20% of global oil. The shutdown raises concerns over potential energy supply disruptions amid escalating tensions with Houthi rebels. ⚡
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