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“A source in the Saudi energy sector told AFP that an attack Sunday (October 4, 2026) had again halted pumping by the East-West pipeline to the Red Sea, a key conduit for the kingdom's exports since Iran blockaded the Strait of Hormuz at the start of the wider…”

“Saudi oil exports were already under pressure thanks to Iran's blockade of the Strait of Hormuz in the Gulf.”

“WTI rose to a three-week high in the prior session after the Houthis attacked Saudi Aramco's headquarters and Iran said it was deploying new tactics to target ships in the Strait of Hormuz and keep oil prices high.”

“Ship-to-ship transfers in the Gulf of Oman for West Asian oil from inside the Strait of Hormuz have reached their limits after Saudi Arabia diverted exports from the Red Sea, adding to shipments from other producers, trade sources and analysts said.”

“The Guard displayed drones that have been used against ships in the Strait of Hormuz, where Iran's attacks and threats have severely affected the Gulf region’s shipments of oil and natural gas to the rest of the world.”

“Since then, the Houthis have imposed a maritime blockade of Saudi Arabia and repeatedly attacked its ships in the Red Sea -- a vital alternative route for oil exports after Iran all but halted Gulf shipments by blockading the Strait of Hormuz.”