Saudi Arabia built the East-West pipeline in the 1980s in case Iran closed Hormuz. Tehran-backed militias still blasted it, sending oil prices up | Fortune0

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• September 15, 2026

Saudi Arabia’s closure of a major oil pipeline after a recent attack is raising fears that global energy markets in crisis because of the war with Iran could face even starker shortages, pushing prices higher for fuel and other essentials. The largest oil producer in the Middle East closed its East-West pipelineon Friday after the attack, which it blamed on