Saudi Arabia shut down its East-West oil pipeline after multiple attacks, while Iran-backed Houthi forces captured strategic positions along Yemen’s Red Sea coast. The developments threaten a crucial global shipping route and create new pressure on Riyadh, which depends on the pipeline as an alternative export route when vessels cannot use the Strait of Hormuz. Saudi officials blamed drones launched from Iraq, while the Houthis warned that Saudi vessels could be targeted. Oil prices rose as fears of escalation intensified
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