Saudi Arabia's Key Pipeline Has been Hit. 4% Of The Global Oil Supply Could Be Threatened.

4% of the global oil supply could be threatened if Saudi Arabia doesn't manage to patch up its East-West pipeline soon.

Saudi Arabia shut down its key East-West pipeline after sustaining multiple attacks last Friday, further threatening its oil exports as hostilities in the Middle East continue to climb.

Citing sources familiar with the matter, Reuters detailed that Riyadh could take up to six weeks to fix the pipeline if it doesn't get hit again. Another estimate claimed that the work could take less and partial pumping could resume as well.