Explosions have hit Saudi Arabia's east-west pipeline, with repairs expected to take three to six weeks. The strike shows Iraq-based militias can reach the line while Saudi defenses cannot stop them, deepening the kingdom's exposure to the Houthi-Iran conflict.
Explosions struck Saudi Arabia's east-west pipeline, and reports put the repair timeline at three to six weeks. If the line is struck again, that timeline becomes indefinite.
The strike itself was not the surprising part. Perhaps the bigger takeaway is not that the attack happened, but that militias based in Iraq proved capable of carrying out the strikes, while Saudi Arabia proved incapable of defending against them. That contrast between what the attackers managed and what Saudi Arabia could stop is what stands out most.
Saudi Arabia is clearly being dragged further into the conflict as a result. Iran, for its part, looks to use the added leverage to push for a comprehensive peace.
The Houthi side has shown some surprising tactics of its own so far. Fighters have taken the coast and islands, including Mocha.
Source: InvestingLive
Trading involves risk.
Risk Disclaimer
