Saudi Arabia has restarted oil pipelines after Iran-backed rebel attack
Time:2024-10-23
The risks of conflict in a region that exports more than 16 MMbopd -- enough to supply all of Europe’s demand and more -- have risen since the U.S. revoked waivers this month that allowed Iran to continue selling oil to some customers despite American sanctions. Saudi Arabia and the United Arab Emirates -- Iran’s regional foes -- reported on Monday attacks on several vessels including Saudi oil tankers. Houthi rebels on Tuesday claimed they had used drones to damage Saudi oil-pumping stations.
