Business News Today: Latest Business News, Finance News · DistrictNews · 2026-09-12
Saudi Arabia shuts major East-West oil pipeline after attack
Saudi Arabia shuts major East-West oil pipeline after attack. The shutdown comes as Houthi rebels in Yemen have seized coastal territory near the Bab el-Mandeb Strait. Built in the 1980s, the pipeline has played a key role in Saudi Arabia's ability to continue exporting oil following the disruption of the Strait of Hormuz during Iran's war with the US and Israel.
Why it matters. Why it matters: Saudi Arabia shuts major East-West oil pipeline after attack.
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