Saudi Arabia's East-West oil pipeline shut down due to attacks near Riyadh and Medina, disrupting crude supply.
Macro & Markets ·
Saudi Arabia's Ministry of Energy reported that the East-West oil pipeline, which bypasses the Strait of Hormuz, has been shut down following attacks in the regions of Riyadh and Medina. The pipeline disruption reduces an alternative crude export route that avoids chokepoint transit risks.