Houthi Attacks on Saudi Pipelines Send Prices Higher; Israel Claims 'Massive Victory' over Hezbollah
By CBN News
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JERUSALEM, Israel – Iran and its proxies are increasing pressure on one of the world's oil shipping routes. The pressure threatens Saudi Arabia's massive oil production, as well as oil markets and the price of gas. Meanwhile, Israel says it has scored another major victory against the Iranian proxy Hezbollah in Lebanon. The Saudis face a potential energy crisis after an attack knocked out much of its critical east-west oil pipeline. The nearly 800-mile pipeline allows the kingdom to move oil from the Persian Gulf to the Red Sea and bypass the Strait of Hormuz. Officials say the attack could keep most of the pipeline, which carries as much as seven million barrels of oil per day, out of service for three to five weeks. Read the full story from CBN Israel's Chris Mitchell: https://cbn.com/news/israel/houthi-attacks-saudi-pipelines-send-prices-higher-israel-claims-massive-victory-over Give to CBN: https://go.cbn.com/un2xC Want more news from a Christian Perspective? Choose to support
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