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Saudi pipeline hit by drones will be out of service for weeks, further restricting oil flow

  • A major Saudi East-West oil pipeline was hit and will be mostly out of service for weeks while repairs (estimated 3–5 weeks) are made.
  • Yemen’s Houthi rebels have captured islands near the Bab el-Mandeb, further threatening Red Sea shipping routes.
  • The disruptions pushed oil prices up about 2% and are straining Saudi export routes and global supply concerns.
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