Saudi Arabia has closed a major oil pipeline after a drone attack launched from Iraq caused a fire and injuries, prompting an investigation by Iraqi authorities.
Key facts
- •The East-West pipeline connects Abqaiq near the Persian Gulf to the port of Yanbu on the Red Sea.
- •Iraq dismissed the commander of Maysan province after confirming the drones were launched from that region.
- •The Gulf Cooperation Council described the attack as an unacceptable threat to Saudi security.
- •Oil prices climbed above $100 per barrel on Friday following the incident.
- •Saudi Arabia reported that the attack caused both human and material damage.
Saudi Arabia has shut down its critical East-West oil pipeline as a precaution following a drone attack that originated in Iraq. The incident caused a fire near Medina, resulting in injuries and material damage. In response, the Iraqi government has launched an investigation and dismissed the military commander of the Maysan province, where the attack was traced.
By the numbers
Pipeline Significance and Impact
The 1,200km pipeline is a vital piece of infrastructure for Saudi Arabia, the world's largest crude oil exporter, as it allows the country to bypass the Strait of Hormuz for transporting oil to the Red Sea. Analysts estimate the pipeline has been moving between 4% and 5% of the global oil supply.
Diplomatic Response
The Saudi foreign ministry stated that the kingdom will not retaliate at this stage, choosing instead to support Iraqi efforts to prevent further attacks from its territory. However, the ministry affirmed that Saudi Arabia reserves the right to take necessary measures to protect its sovereignty and facilities. The Gulf Cooperation Council condemned the incident as a dangerous escalation and a violation of international law.
Broader Regional Tensions
The attack occurs amid ongoing regional conflict, including a war between the United States and Iran that has entered its seventh month and contributed to record-high oil and fuel prices. Additionally, Iranian-backed Houthi rebels in Yemen have recently seized strategic territory along the Bab al-Mandab Strait, further pressuring global oil shipping routes.
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