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Drones launched from Iraq struck the East-West pipeline on Sept. 10, forcing a closure with no timeline for restart
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Saudi Arabia shut down its East-West Pipeline after multiple drone attacks on Thursday, Sept. 10, pushing oil prices sharply higher on Monday as traders weighed the loss of a key crude export route that bypasses the Strait of Hormuz.
Brent crude rose as much as 3.9% to above $108 a barrel, while U.S. West Texas Intermediate futures climbed 3% to around $103 a barrel. The kingdom has given no public indication of the extent of the damage or a timeline for resuming operations, according to CNBC.
