Saudi Arabia’s East-West oil pipeline to the Red Sea was struck by a drone attack Wednesday, according to a person familiar with the matter, with damage still being assessed. The incident comes hours after a two-week ceasefire involving the U.S. and Iran was announced, even as the pipeline remains a critical export route amid ongoing disruptions in the Strait of Hormuz.
- The drone attack targeted the East-West pipeline, which transports crude from Saudi Arabia’s Gulf fields to the Red Sea.
- The extent of damage has not been disclosed.
- Saudi Aramco declined to comment on the incident.
- The pipeline has been a key export route as the Strait of Hormuz remains effectively closed.
- The attack follows a newly announced two-week ceasefire tied to negotiations involving Iran.
- The incident was first reported by the Financial Times.
Relevant Companies
- Exxon Mobil ($XOM) – Global oil supply disruptions can impact upstream production and pricing.
- Chevron ($CVX) – Exposure to crude markets may be affected by Middle East supply risks.
- Shell ($SHEL) – Integrated operations tied to global oil flows could be impacted.
Editor’s Note: This is a developing story. This article may be updated as more detail
This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.
/Micron%20Technology%20Inc_logo%20and%20website-by%20Mojahid%20Mottakin%20via%20Shutterstock.jpg)
/Super%20Micro%20Computer%20Inc%20HQ%20photo-by%20Tada%20Images%20via%20Shutterstock.jpg)