Saudi pipeline shutdown puts 4% of global oil supply at risk, traders say

Saudi Arabia's key 1,200-km east-west oil pipeline remains shut after drone strikes Friday, threatening up to 4% of global supply. Traders report Riyadh has only 5-7 days of inventory at its Red Sea port of Yanbu, which could jeopardize exports if the pipeline is not restarted. The pipeline was a crucial bypass for the blockaded Strait of Hormuz, rerouting about 4 million barrels per day.