SummarySaudi oil pipeline attacked: US officials confirmed strikes on Saudi pumping stations, with drones likely launch from Iraq.Houthis expand in Yemen: Houthi forces are gaining control along the Red Sea coast, threatening key shipping routes.Oil and diesel prices rising: Russia's damaged refining capacity & shipping disruptions are also tightening fuel markets.Stagflation risk grows: Higher energy and shipping costs could push inflation higher while weakening global economic growth.Strait of Hormuz traffic returns to normal by November 30?
Yes 13% · No 88%View full market & trade on Polymarket US Officials Confirm East-West Pipeline Was AttackedOpen source satellite imaging has shown the crucial 'Hormuz bypass' East-West oil pipeline that cuts straight across Saudi Arabia has been on fire. A some 80km to 100km giant smoke plume has been observed. The damaged section is said to be located near the town of Al Mesba'ah.Amid speculation that this is probably the result of a major Houthi attack out of Yemen, CNN in a new Friday report cites two US officials who've given confirmation that the pipeline was struck by projectiles on Thursday. Iraq was named as possible attack origin point. According to the report:An early analysis found that pump stations, which are located next to the pipeline itself, were hit, one of the US officials said. A satellite image taken Friday appears to show extensive fire damage at one pumping station, and an image of a different pumping station, taken Thursday, showed a small fire sending up plumes of thick, black smoke.It could have been the result of a drone attack by paramilitaries operating out of Iraq. "It was not immediately clear who was responsible for the strikes or if sections of the pipeline itself were damaged but one of the officials said it was struck by drones originating from Iraq," CNN reports. "It was also not immediately clear how long it would take to repair the damage, sources said."On Sept. 10, via EUMETSAT/CNNNews on Saudi oil has gone from worse to worse, as in Yemen the Houthis have reportedly taken over the entire Red Sea coastline. They have renewed the threats to attack all Saudi (as well as Israeli) shipping, but have also sought to assure transit is 'safe' for other international vessels.The pumping station struck yesterday is located near the town of Al Mesba'ah.
