Middle East energy crisis: Saudi pipeline shutdown and strait disruptions threaten ~30M barrels/day of global oil supply.
Macro & Markets ·
Saudi Arabia's East-West pipeline closure following strikes could remove 4% of global oil supply, with repair estimates ranging up to 6 weeks and potentially cutting approximately 4 million barrels of daily output. Iran-allied Houthi forces continue advancing toward the Bab el-Mandab Strait, adding further pressure to regional energy infrastructure.