Saudi Arabia shuts key oil pipeline after drone attack launched from Iraq
Summary
Saudi Arabia closed a major oil pipeline after drones launched from Iraq hit it. Iraq has started an investigation and removed a local military commander connected to the attack, while Saudi Arabia has not retaliated but said it may act to protect its security.Key Facts
- The attacked pipeline, called the East-West pipeline, is 1,200 km long and allows Saudi Arabia to avoid shipping oil through the Strait of Hormuz.
- The pipeline carries 4% to 5% of the world's oil supply.
- Saudi Arabia shut the pipeline as a precaution after the drone attack caused damage and some injuries.
- Iraq confirmed the drones were launched from Maysan province near Iran and removed a military commander there.
- Saudi Arabia said it supports Iraq’s efforts to stop attacks from its territory.
- The Gulf Cooperation Council, a group of Gulf countries, condemned the attack as a serious threat and violation of international law.
- Houthi rebels in Yemen have recently gained control of key coastline and the Bab al-Mandab Strait, important for global shipping.
- Oil prices rose above $100 a barrel following these events and ongoing regional conflict.
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