US Edition
Saudi Arabia's oil pipeline bypassing Hormuz damaged in Iranian attack: Reuters
Iran’s IRGC said it struck several targets, and Reuters reported flows through the pipeline are expected to be affected while damage is assessed.
- On Wednesday, an Iranian attack damaged Saudi Arabia's East-West oil pipeline, the kingdom's only current outlet for crude exports, according to an industry source told Reuters.
- The pipeline was diverting around 7 million barrels per day to the Red Sea port of Yanbu after Iran effectively shuttered the Strait of Hormuz, trapping huge volumes of oil.
- Iran's Islamic Revolutionary Guard Corps said on Wednesday it hit regional targets with missiles and drones, including oil facilities of American companies in Yanbu.
- President Donald Trump said on Wednesday the United States will work to retrieve Iran's enriched uranium, claiming "we are, and will be, talking Tariff and Sanctions relief" with the country.
- Diplomatic efforts continue as talks are planned for Friday in Pakistan, with Vice President Vance leading the United States delegation after Iranian Supreme Leader Mojtaba Khamenei instructed negotiators on Monday to move towards a deal.
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According to the ministerial press release, the damage caused the loss of about 700,000 barrels a day, a very hard blow for the only terrestrial alternative to the Strait of Hormuz
Saudi Arabia's Oil Pipeline Hit As Hegseth Declares "Overwhelming Victory" Against Iran
This article was originally published by Tyler Durden at ZeroHedge under the title: Saudi Arabia’s Oil Pipeline To Red Sea Hit By Drone Attack Just As Hegseth Declares ‘Overwhelming Victory’ Against Iran. Summary: The Hegseth/Caine presser, as expected, declared ‘victory’ in Iran while Gen. Caine emphasized the ceasefire is a “pause,” but US forces remain “ready to resume combat.“ Hegseth says, “The military will be hanging around in Iran, won…
A passage through the Strait of Hormus remains strictly regulated despite the ceasefire. Ships still need permission from the Iranian Revolutionary Guards.
Three US media reported that a key Saudi crude oil pipeline, used to deliver oil bypassing the Strait of Hormuz, was attacked by an unknown drone and is currently undergoing damage assessment.
Key Saudi oil pipeline bypassing Hormuz damaged in Iranian attack
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