Satellite images reveal significant damage to a major oil pipeline in Saudi Arabia following a drone attack, reportedly linked to Iran-backed forces in Iraq. The pipeline, which bypasses the crucial Strait of Hormuz, has been shut down for repairs, threatening to restrict oil exports to Europe and Asia and potentially causing a loss of 4% of global oil supply. In response, oil prices have surged, with Brent crude reaching over $109. The situation has escalated tensions in the region, as Gulf states called off talks with Iran amid ongoing Houthi attacks. Experts warn that Saudi Arabia may soon run out of oil for export if the pipeline remains offline for an extended period, heightening calls for US support against the Iranian influence in the area.