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Saudi Arabia shut down East-West crude oil pipeline after multiple attacks

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Core Development: Saudi Arabia shut down East-West crude oil pipeline after multiple attacks
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Saudi Arabia shut down its crucial East-West crude oil pipeline as a precautionary measure after multiple attacks, the kingdom's Energy Ministry said Friday in a statement.

The pipeline was targeted in the Riyadh and Madinah regions on Thursday morning, the ministry said. Multiple people were injured in the attacks, it said.

Emergency teams were deployed to secure the pipeline and assess its safety, the ministry said. "Any further developments will be announced in due course," it said.

The Saudis have relied on the East-West pipeline to bypass the Strait of Hormuz during the Iran war. Riyadh has redirected millions of barrels of crude oil exports per day through the pipeline to the Red Sea.

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Official Publisher Attribution: This report is aggregated from CNBC. ZeroLive provides live aggregation, automated sentiment synthesis, and exchange disclosure monitoring for retail market participants.
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