Saudi Arabia's East-West pipeline closure after strikes threatens 4% of global oil supply with repairs expected to take up to 6 weeks.
Macro & Markets ·
Saudi Arabia's East-West pipeline closure following strikes threatens to remove 4% of global oil supply if repairs extend beyond this week, with estimates suggesting restoration could take up to 6 weeks and result in the loss of approximately 4 million barrels of daily output. Iran-allied Houthi forces are also advancing toward the Bab el-Mandab Strait, adding further pressure to regional energy infrastructure.