Saudi Arabia shutters key pipeline following Houthi offensive
Saudi Arabia on Friday moved to halt a key oil pipeline used to bypass the Strait of Hormuz after Iranian-backed Houthi militants launched a series of attacks the day prior, dealing another blow to the kingdom’s ability to move oil.
TL;DR
- Saudi Arabia halted its East-West Pipeline on Friday.
- The pipeline is used to bypass the Strait of Hormuz.
- The closure is a precautionary measure following attacks by Houthi militants.
- The attacks occurred the day before the pipeline was halted.
- The Saudi energy minister did not specify who was behind the attacks.