Oil fell Wednesday, as an unexpected increase in U.S. crude inventories outweighed worries over supply disruptions after an Iran-backed attack on Saudi Arabia's East-West pipeline. Grouped from 4 articles across 2 sources.
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Oil fell Wednesday, as an unexpected increase in U.S. crude inventories outweighed worries over supply disruptions after an Iran-backed attack on Saudi Arabia's East-West pipeline.
Iran-backed Houthi militants in Yemen, meanwhile, carried out renewed strikes on Saudi Arabia this week.
Experts tell BBC Verify the pipeline's closure could cut oil supplies by as much as 3.6 million barrels per day.
The Saudis closed the East-West pipeline after it sustained damage in a drone attack launched from Iraq.
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Saudi Arabia has cancelled some oil deliveries to Europe after attacks shut down its export pipeline to the Red Sea. Grouped from 4 articles across 3 sources.
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A senior Iraqi source points to a resistance 'splinter' group for the September attack on the East-West pipeline.
Saudi Arabia has accused the Iran-backed Houthi rebels of attempting to attack Islam’s holiest city, declaring Mecca a “red line” in the escalating conflict. Grouped from 13 articles across 9 sources.
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