{"id":71686,"date":"2026-09-11T15:08:13","date_gmt":"2026-09-11T19:08:13","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/saudi-arabia-shuts-key-east-west-pipeline-after-multiple-attacks-oil-prices-retreat\/71686\/"},"modified":"2026-09-11T15:08:13","modified_gmt":"2026-09-11T19:08:13","slug":"saudi-arabia-shuts-key-east-west-pipeline-after-multiple-attacks-oil-prices-retreat","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/saudi-arabia-shuts-key-east-west-pipeline-after-multiple-attacks-oil-prices-retreat\/71686\/","title":{"rendered":"Saudi Arabia Shuts Key East-West Pipeline After Multiple Attacks; Oil Prices Retreat"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Saudi Arabia has temporarily shut down its 7 million bpd East-West Pipeline<\/strong> following multiple projectile and drone attacks in the Riyadh and Madinah regions on Thursday.<\/li>\n<li><strong>Brent Crude futures settled down 2.81% at $104.61\/bbl<\/strong>, while <strong>US Crude (WTI) fell 2.37% to $100.05\/bbl<\/strong>, as traders weighed supply risks against potential de-escalation talks in Oman.<\/li>\n<li><strong>Paramount Global (<a href=\"\/stock\/PARA\">PARA<\/a>) and Warner Bros. Discovery (<a href=\"\/stock\/WBD\">WBD<\/a>)<\/strong> are scheduled for court-ordered settlement talks in late October regarding their contested $111 billion merger.<\/li>\n<li><strong>Turkish Foreign Minister Hakan Fidan<\/strong> held an emergency call with his Saudi counterpart to discuss the security implications of the strikes on critical energy infrastructure.<\/li>\n<\/ul>\n<h2>Saudi Energy Infrastructure Under Fire<\/h2>\n<p>Saudi Arabia\u2019s Ministry of Energy confirmed on Friday that the <strong>East-West Pipeline (Petroline)<\/strong> was targeted by multiple attacks on the morning of Thursday, September 10, 2026. The vital artery, which serves as a strategic alternative to the Strait of Hormuz, was <strong>shut down as a precautionary measure<\/strong> to assess damage and ensure safety. Reports indicate that several individuals were injured in the strikes, which satellite imagery suggests caused significant fires near pumping stations in the Riyadh and Madinah regions.<\/p>\n<p>The attacks come at a time of heightened regional tension, with U.S. officials suggesting the projectiles may have originated from Iraq or been launched by Houthi militants. The <strong>East-West Pipeline<\/strong> is capable of transporting up to <strong>7 million barrels of crude per day<\/strong> to the Red Sea, and any prolonged closure could significantly disrupt global oil flows. Emergency technical teams are currently on-site to secure the facility and evaluate the integrity of the 1,200-kilometer system.<\/p>\n<h2>Oil Markets React Amid Volatility<\/h2>\n<p>Despite the immediate threat to Saudi supply, <a href=\"https:\/\/stockmarketwatch.com\/energy\/crude-oil\" data-internallinksmanager029f6b8e52c=\"12\" title=\"Crude oil\">oil prices<\/a> retreated from four-month highs on Friday. <strong>Brent Crude futures (<a href=\"\/stock\/LCO\">LCO<\/a>) settled at $104.61 per barrel<\/strong>, a drop of <strong>$3.02 or 2.81%<\/strong>, while <strong>West Texas Intermediate (<a href=\"\/stock\/CL\">CL<\/a>) fell to $100.05 per barrel<\/strong>. Analysts attribute the pullback to profit-taking and optimism surrounding a planned meeting in Oman between Gulf foreign ministers and Iranian officials aimed at securing shipping routes.<\/p>\n<p>The <em>International Energy Agency (IEA)<\/em> warned in its September report that global oil supply is set to fall by <strong>5.7 million bpd<\/strong> this year due to ongoing security risks in the Middle East. While the Saudi shutdown creates a &quot;messy supply&quot; outlook, the market appears to be pricing in a <em>probabilistic disruption<\/em> rather than a total halt in exports. <em>Investors remain cautious as the Strait of Hormuz and Bab al-Mandeb chokepoints both face elevated risk levels.<\/em><\/p>\n<h2>Corporate and Regulatory Developments<\/h2>\n<p>In the media sector, a court order has set <strong>settlement talks for late October<\/strong> between <strong>Paramount Global (<a href=\"\/stock\/PARA\">PARA<\/a>)<\/strong> and the California Attorney General\u2019s office. The talks aim to resolve an antitrust lawsuit blocking Paramount&#39;s <strong>$111 billion acquisition<\/strong> of <strong>Warner Bros. Discovery (<a href=\"\/stock\/WBD\">WBD<\/a>)<\/strong>. The deal, which has been stalled by federal and state regulators, faces a critical deadline as Paramount is currently accruing &quot;ticking fees&quot; of approximately <strong>$7 million per day<\/strong> payable to shareholders if the merger fails to close.<\/p>\n<p>Separately, the <strong>Federal Reserve<\/strong> issued a public warning regarding a sophisticated email scam targeting the general public. The fraudulent messages claim that the Fed owes money to individuals, a tactic the central bank clarified is never used, as employees do not email the public unsolicited. Meanwhile, in diplomatic circles, <strong>Turkish Foreign Minister Hakan Fidan<\/strong> and Saudi Foreign Minister Prince Faisal bin Farhan discussed the recent infrastructure attacks, emphasizing the need for regional stability under the framework of the <strong>Makkah Joint Defense Agreement<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Saudi Arabia has temporarily shut down its 7 million bpd East-West Pipeline following multiple projectile and drone attacks 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