Saudi Arabia suspended operations on its East-West crude oil pipeline following multiple attacks in the Riyadh and Madinah regions. The Energy Ministry deployed emergency teams to secure the infrastructure and assess damages, with several people injured. This strategic pipeline allows the kingdom to redirect millions of barrels per day to the Red Sea, bypassing the Strait of Hormuz. Iran-aligned Houthi militias based in Yemen have escalated their strikes against Saudi Arabia this week. Oil prices rose more than 8% over the week, with Brent and WTI crossing the 100 dollars per barrel threshold this week.
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