Reports circulating that the Iran backed Houthis have destroyed or severely damaged key areas of Saudi Arabia's East-West crude pipeline
Saudi oil infrastructure reportedly hit is crude about to explode?
Reports r circulating that Iran backed Houthis have severely damaged 🔑 sections of Saudi Arabia’s Est wst crude pipeline.
f the satellite imagery and damage reports are confirmed, this could become a major oil-market story. Saudi Arabia’s Est Wst pipeline is a critical alternative route for moving crude n reducing reliance on the Strait of Hormuz.
The big question now... how much of the pipeline’s capacity is actually offline, n for how long
F the disruption is significant, I wouldn’t b surprised 2 see oil prices react violently.
Is this the next major supply shock, or is the market overreacting?
https://gulfnews.com/business/energy/saudi-oil-pipeline-may-be-hit-as-houthi-attacks-escalate-report-1.500670510