Middle East Situation Tracking: Disruption of Saudi Pipeline Could Result in a 4% Loss of Global Oil Supply

TechFlow reports – According to Jin10 Data, the Middle East situation remains tense on September 14. On the conflict front, Yemeni government forces stated that Houthi offensive operations have caused thousands of casualties on both sides, and they have recaptured infiltrated positions in western Taiz. Meanwhile, an Iranian cargo ship was attacked near the Strait of Hormuz, resulting in one death and four injuries, with explosions heard in the Sirik region.

Navigation through the Strait of Hormuz has been disrupted. UK maritime authorities confirmed attacks on vessels, and US Central Command stated that the US military has facilitated route changes for 101 merchant ships. Sources pointed out that the interruption of Saudi pipelines could lead to a loss of 4% of global oil supply. The meeting originally scheduled for Monday between Iran and Gulf states regarding passage through the strait has been postponed.

Diplomatically, leaders from the UAE and Iran met to push for a resolution to the impasse. The Iranian president stated that surrender is not an option and clarified that there is no state of war between Iran and Saudi Arabia. The US Energy Secretary warned that the situation is unlikely to resolve quickly, while Trump hinted that he does not rule out remaining in Iran and seizing crude oil.