President Donald Trump said Saturday that Iran was “probably” responsible for an aerial attack that forced Saudi Arabia to shut down its crucial East-West oil pipeline, adding another layer of tension to the widening Middle East conflict.
The East-West pipeline is one of Saudi Arabia’s most important energy routes because it allows crude oil to move across the country toward the Red Sea while bypassing the Strait of Hormuz.
Saudi Arabia temporarily shut down the pipeline as a precaution after a drone attack caused damage and injuries.
Iraq has confirmed that the drones involved in the attack originated from Iraqi territory. However, there has been no confirmed claim of responsibility for the strike.
When reporters asked Trump whether he believed Iran was responsible, the president said he believed it probably was.
Trump also confirmed that he had spoken with Saudi Crown Prince Mohammed bin Salman following the latest developments.
The pipeline has become increasingly important during the continuing Middle East conflict. It has been carrying roughly 4 million to 5 million barrels of oil per day, representing approximately 4% to 5% of global supply.
Its temporary shutdown is therefore raising new concerns about global energy supplies and the possibility of even higher oil and fuel prices.
At the same time, Iran-aligned Houthi forces in Yemen have advanced toward the strategically important Bab el-Mandeb Strait, another major shipping route connecting the Red Sea with international markets.
Trump said his administration has also been in contact with the Houthis and suggested that the group does not want the United States to become directly involved in the conflict.
The latest developments put additional pressure on Washington as the United States tries to prevent further escalation while protecting critical shipping routes and its regional partners.
Energy markets are now being closely watched as uncertainty surrounding both the Strait of Hormuz and Red Sea shipping continues.
Any prolonged disruption to Saudi oil exports could have consequences far beyond the Middle East, potentially affecting oil, diesel and gasoline prices around the world.
USA Pulse will continue following the latest developments in the U.S.-Iran conflict and their impact on American consumers.