Saudi Arabia shuts East-West pipeline that bypasses Hormuz after attacks

Saudi Arabia has shut down its East-West pipeline, which bypasses the Strait of Hormuz, following drone attacks launched from Iraq. The incident occurred in an area bordering Iran, prompting Iraq to remove a military commander and initiate formal investigations. This strategic closure is expected to increase momentum for rapidly rising oil prices globally. The move highlights significant regional tensions and the vulnerability of critical energy infrastructure to targeted aerial strikes originating from neighbouring territories.