Saudi Arabia has temporarily shut down its strategic East-West oil pipeline following a drone strike launched from the Maysan governorate in southern Iraq, a border region with Iran. The pipeline serves as a vital alternative export route for Saudi crude, bypassing the Strait of Hormuz.
Iraq's prime minister acknowledged that the attack originated from Iraqi territory and announced the removal of the military operations commander in Maysan governorate. Baghdad opened formal investigations into the incident. Saudi Arabia responded by affirming it reserves the right to take all necessary measures to safeguard its sovereignty and security, protect its facilities, and ensure the safety of its citizens.
The Gulf Cooperation Council — comprising Saudi Arabia, the UAE, Bahrain, Oman, Qatar and Kuwait — condemned the attack as a dangerous escalation and an unacceptable threat to the security of the Kingdom of Saudi Arabia and a flagrant violation of the principles of international law, according to Secretary General Jasem Mohamed Albudaiwi.
The pipeline shutdown coincided with a lightning Houthi advance along Yemen's coastline. The group claimed control of the Bab al-Mandab Strait, the gateway to the Red Sea and the Suez Canal, saying maritime navigation remained safe for all companies except Saudi vessels. Combined with Iran's existing control over the Strait of Hormuz, this gives Tehran and its proxies leverage over two of the world's most critical shipping lanes, through which analysts estimate more than 35% of global energy trade passes.
Global crude oil prices climbed above $100 per barrel for the first time since July. Analysts warned that further escalation in the region could drive prices significantly higher, threatening economic stability worldwide.
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