Highlights Houthis claim drone attack on pipeline East-West line pumps around 2 million b/d Tensions rising over Iran sanctions Tensions over threats to oil flows from the Middle East escalated sharply Tuesday after an attack claimed by Houthi rebels halted flows through Saudi Arabia’s main oil transport pipeline to the Red Sea. Citing Saudi energy minister Khalid al-Falih, the Saudi Press Agency said Saudi Aramco’s key East-West oil pipeline suffered limited to damage from armed drones on Tuesday, referring to the incident as “terrorist and sabotage act.” The drone attack came just days after one of the biggest attacks on oil tankers near the Strait of Hormuz transit chokepoint, fueling concerns over a new wave of coordinated strikes on key oil infrastructure and transit routes in the Middle East. The East-West Pipeline to the Red Sea has a […]