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The Middle East oil shock

Oil is sold on a world market, so Canadian refiners pay the world price. No official negotiations to end the war are under way.

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Saudi Arabia says its East-West Pipeline is shut

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WHAT HAPPENED

A Saudi energy ministry source said on September 11 that the East-West Pipeline had been 'subjected to multiple attacks' on the morning of September 10. It was shut 'as a precautionary measure', according to the statement, which the Saudi state news agency SPA carried. The statement mentioned injuries and named no attacker. The line carries crude about 1,200 kilometres from the Persian Gulf coast to the Red Sea port of Yanbu, avoiding the Strait of Hormuz. The same day the International Energy Agency put August's Gulf oil exports at around 13 million barrels a day, nearly half the prewar level.

Why this matters

The pipeline let Saudi Arabia export without the Strait of Hormuz, and the Red Sea it leads to is contested as well. Yemen's Houthi forces, which Reuters describes as aligned with Iran, hold part of that coast. They said on September 11, through the Houthi-run news agency Saba, that Saudi vessels were 'subject to a blockade'.

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Reported observation Supported by evidence. Read this claim alongside its limits on products, dates or people covered. A source announcing a plan does not show that it happened.

Gulf oil exports in August 2026 were around 13 million barrels a day, nearly half their prewar level, the International Energy Agency estimates. Before the war about a fifth of the world's oil and liquefied natural gas passed through the Strait of Hormuz, Bloomberg reported. The agency credits the remaining flow partly to routes that bypass the strait and to US military escorts through it.

How much oil still leaves the Persian Gulf? →
Reported observation Statement documented. The source records what was said or reported. It does not verify the claim itself.

Saudi Arabia's East-West Pipeline has been shut since attacks on September 10, 2026, and no restart date has been given. The Saudi statement blames no one for the attacks. Reuters, citing trade sources, reported on September 15 that loadings at the Red Sea port of Yanbu were suspended and late-September cargoes to Europe cancelled.

A pipeline that never leaves Saudi Arabia was shut. Why did buyers in Europe lose cargoes? →
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