Saudi oil pipeline attack could raise global gas prices

The East-West pipeline was meant to keep Saudi crude oil flowing when the Strait of Hormuz became impassable. Now that route has also been hit, putting Saudi Arabia’s export options under new pressure.

ConflictsSaudi Arabia

To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video

ConflictsSaudi Arabiahttps://p.dw.com/p/5MVeG

Saudi Arabia has shut down its key East-West oil pipeline after a drone attack that Riyadh says originated in Iraq, raising concerns over global energy supplies. At the same time, Iran-backed Houthi forces in Yemen have strengthened their control along the Red Sea coast near the Bab al-Mandab Strait, a major shipping route. Analysts warn that disruptions to both the Bab al-Mandab and Strait of Hormuz could strain oil exports, drive up energy costs and increase pressure on the global economy, with potential effects on fuel, food and shipping prices.
DW speaks to Kate Dourian, energy analyst at Fellow at the Arab Gulf States Institute as well as Fawaz Gerges, Professor at the London School of Economics.

Leave a Reply

Your email address will not be published. Required fields are marked *

About the Author

Easy WordPress Websites Builder: Versatile Demos for Blogs, News, eCommerce and More – One-Click Import, No Coding! 1000+ Ready-made Templates for Stunning Newspaper, Magazine, Blog, and Publishing Websites.

BlockSpare — News, Magazine and Blog Addons for (Gutenberg) Block Editor

Search the Archives

Access over the years of investigative journalism and breaking reports