Saudi Arabia’s east-west oil pipeline was hit by a drone attack, FT reports citing sources; a pumping station was hit around 1pm local time (just over 2 hours ago)
Importance
Level 1
- The pipeline carry's crude from the Gulf to the Red Sea for export.
- The pipeline has become an economic lifeline for the Kingdom since the effective closure of the Strait of Hormuz.
- Damage currently being assessed.
- Aramco has been rerouting exports to the Red Sea via the line to avoid the Strait of Hormuz.
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