Saudi Arabia has shut down a crucial East-West oil pipeline following multiple drone attacks attributed to Iran-backed Houthis and militia groups from Iraq. The attacks have escalated regional tensions, with fears of a broader conflict involving Iran. This shutdown is expected to significantly impact oil exports, as well as exacerbate rising fuel prices globally. As the Houthis have seized strategic territories in Yemen, their threat continues to loom over vital shipping channels, raising concerns about the safety of oil routes amid ongoing hostilities. Iraq has been urged to contain the fallout from these aggressive actions, following accusations against local militias for their involvement in the attacks.