Saudi Arabia Confirms Attack on Oil Pipeline – 700,000 Barrels Daily Lost
Saudi Arabia has confirmed an attack on its critical oil infrastructure, including the strategically important East-West Pipeline. The incident occurred on April 8 and resulted in the loss of approximately 700,000 barrels of oil per day. This further exacerbates the global energy market situation as the Strait of Hormuz is already facing restrictions and US-Iranian ceasefire tensions remain high.