A drone attack has severely damaged a key east-west pipeline in Saudi Arabia, which is crucial for transporting oil to the Red Sea. Satellite images indicate significant destruction at a pumping station, raising concerns that the country could exhaust its export stocks within days, potentially impacting 4% of global oil supply.
The pipeline, which has been vital for rerouting around 4 million barrels per day, is now offline. Estimates for repairs vary, with some sources suggesting it could take up to six weeks, while others believe partial operations may resume sooner. This disruption comes amid escalating tensions in the region, particularly involving Houthi forces targeting Saudi infrastructure.
Watch for updates on repair timelines for the damaged pipeline, as delays could lead to significant global oil price fluctuations. Monitor Saudi Arabia's stock levels and potential shifts in supply routes, especially with Houthi forces intensifying their operations.