Saudi suspends key oil pipeline, only route bypassing Hormuz after attacks

•Saudi Arabia has suspended its East-West pipeline after a drone attack from Iraq, where Iranian-backed militias operate.

•The 1,200-kilometre pipeline, which bypasses the Strait of Hormuz, was shut as a precaution, affecting 4-5 million barrels of oil per day.

•The attack comes as Iran-aligned Houthi rebels tightened their grip in the Red Sea, disrupting global oil supplies and sending prices above $100 per barrel.