Houthis Claim Attacks on Saudi Oil Pipeline, Riyadh Airport

The Iran-backed Houthis on Monday claimed attacks on pumping stations along Saudi Arabia’s East-West onshore oil pipeline, a vital crude export route, and Riyadh airport. These claims come amid escalating hostilities between the Houthi movement and Saudi Arabia. While Saudi Arabia has not confirmed the attacks, such incidents could significantly impact global crude oil supply. This escalation of Middle East geopolitical risk could support safe-haven assets like gold and potentially pressure the Pakistani Rupee due to higher oil import costs.

بحوالہ / Source: oilprice.com