The Energy Ministry said Thursday's attacks caused a number of injuries and that it stopped operations as a precaution while technical teams secured the line, AGBI reported. It did not say how badly the pipeline was damaged or when flows would restart. Saudi officials said the drones came from Iraq but did not name those responsible.
The pipeline can carry up to 7 million barrels per day. Yanbu exported an average of 4 million bpd in the second quarter, almost five times its pre-war level, according to Vortexa data cited by AGBI. An attack on a pumping station in April cut about 700,000 bpd, and Saudi Arabia restored full capacity within days.
At the same time, Houthi forces seized Perim Island at the narrowest point of the Bab al-Mandab after taking Mokha. Brent settled at $104.61 a barrel on Friday, more than 8 percent higher on the week.
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AGBI — insurance ↗This is an original summary of the linked report, selected by Axxion’s GCC market monitor. Facts are attributed to the publication.