Saudi Arabia has shut a major oil pipeline after drones launched from Iraq attacked the facility, deepening tensions across the Middle East.
The East-West pipeline was closed as a precaution after the attack caused damage and injuries, according to Saudi authorities. Officials said an assessment of the damage was still underway. The pipeline is important because it allows Saudi Arabia to move oil without relying entirely on the Strait of Hormuz.
The pipeline has reportedly been carrying about 4% to 5% of global oil supply, according to Reuters, citing ship-tracking companies and analysts.
Saudi Arabia has so far decided against retaliating. Its foreign ministry said the decision followed a call from Iraq’s prime minister. He also pledged support for Baghdad’s efforts to prevent attacks launched from Iraqi territory.
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At the same time, Riyadh warned that it reserves the right to take measures to protect its sovereignty, facilities and citizens. Iraq acknowledged that the drones were launched from its territory and said the attack originated in Maysan governorate.
The Iraqi prime minister’s office said the operations commander in Maysan had been removed from his position after the source of the attack was confirmed. An investigation has also been launched.
The Gulf Cooperation Council, which includes Saudi Arabia, the UAE, Bahrain, Oman, Qatar and Kuwait, condemned the drone attack. GCC Secretary-General Jasem Mohamed Albudaiwi described it as a dangerous escalation and a threat to Saudi’s security and vital infrastructure.
The developments have also increased concerns over global oil supplies. Crude prices rose above $100 a barrel this week for the first time since July.