
Saudi Arabia has shut down its East-West pipeline after the strategic oil transport line was hit by airstrikes, at a time when the conflict in the Middle East is widening, adding to pressure on energy markets.
The world's largest crude oil exporter temporarily shut down the pipeline after a drone attack that both Baghdad and Riyadh said originated in Iraq, where Iran-backed militias operate. Iraq fired a military commander on Saturday in response to the attack.
The 1,200-kilometer pipeline, which runs across the Arabian Peninsula, has allowed Saudi Arabia to avoid restrictions on shipping through the Strait of Hormuz, where tanker traffic has been significantly reduced due to the six-month war between the US and Iran.
The Saudi Energy Ministry said it had closed the pipeline as a precautionary measure. The line has transported 4 to 5 million barrels of oil per day in recent months, accounting for about 4%-5% of global supply.
There was no immediate claim of responsibility for the attacks. Satellite images showed black smoke rising from a pipeline site south of Medina. The attack caused several injuries and damage was being assessed, the Saudi Foreign Ministry said, without giving details on the impact on oil exports.