Iran Attacks Saudi Arabia's East-West Oil Pipeline

Saudi Arabia's East-West Pipeline, a critical artery bypassing the Strait of Hormuz, was reportedly hit in an Iranian drone attack on Wednesday, Reuters has reported. According to the report, a pumping station along the 1,200 km pipeline was struck by a drone early morning on Wednesday. Prior to the attack, the pipeline was pumping at its emergency capacity of 7 million barrels per day (bpd) to bypass the shuttered Strait of Hormuz. The strike occurred just hours after a U.S.-Iran ceasefire announcement, which has so far failed to halt regional…