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Houthis Claim Attacks on Saudi East-West Pipeline Following Escalating Missile Strikes

Yemen's Houthis claimed responsibility on Monday for strikes targeting pumping stations along Saudi Arabia's 740-mile East-West oil pipeline and Riyadh's airport, though Saudi officials have not confirmed damage. The East-West pipeline recently carried up to 5.8 million barrels per day to the Red Sea terminal at Yanbu after reopening from a two-week shutdown caused by September drone attacks. The latest claims follow Saudi coalition interceptions on Sunday of two drones, a cruise missile, and ten ballistic missiles, effectively ending a UN-brokered truce in place since 2022 and elevating energy supply risks.

Category

UK Brent Oil

Sentiment

Bullish

Event

Geopolitics supply

Reading time

1 min