Drone Attack Damages Saudi Oil Pipeline as Global Supply Fears Grow
Satellite images appear to show major damage at a pumping station on Saudi Arabia’s East-West pipeline following drone attacks. The 1,200km route carries crude oil to the Red Sea port of Yanbu and has been crucial for bypassing disruptions around the Strait of Hormuz. Industry sources told international news agencies that the outage could affect exports of about 4 million barrels per day, roughly 4% of global supply. Saudi Arabia has not provided a full repair timeline, though sources gave estimates ranging from partial restoration during repairs to several weeks of disruption. Brent crude rose above $108 per barrel as supply concerns intensified. A prolonged disruption could further raise global petrol and diesel prices, with possible knock-on effects for fuel costs and inflation in oil-importing countries, including Nigeria.
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