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The oil shock has moved from Hormuz to Saudi Arabia’s backup route
A drone attack shut the East-West pipeline while Houthi gains tightened pressure around the Red Sea.
Saudi Arabia temporarily shut its East-West oil pipeline after a drone strike from Iraqi territory. The line had been moving roughly 4–5 million barrels a day, about 4%–5% of global supply, while tanker traffic through Hormuz was already constrained. Houthi forces also seized Perim Island near Bab el-Mandeb.








