The media warned about the consequences of shutting down a key oil pipeline in Saudi Arabia

If Saudi Arabia does not reopen its main oil pipeline to the Red Sea within a few days, the kingdom will exhaust its export reserves. This can lead to a loss of up to 4% of oil supplies on the global market. Saudi oil buyers and traders told Reuters on September 13.

The world's largest exporter, Riyadh, redirected about 4 million barrels per day through this artery to the port of Yanbu on the Red Sea. This volume accounts for approximately 4% of global shipments. After the pipeline is shut down, the reserves in Yanbu will be enough to maintain exports for only five to seven days, agency sources said.

As one of them added, Egypt's ports on the Red and Mediterranean Seas will provide several days of deliveries to customers. However, the oil storage facilities at all three ports are not fully filled and will eventually run out if the pipeline does not resume operation.

Further cuts in Saudi supplies will worsen the global shortage, which has already pushed fuel prices to record highs, fueled inflation around the world and sent U.S. bond yields to levels not seen since the 2008 financial crisis, the article says.

Anchored: the Houthis have established control over the entire Yemeni coast of the Red Sea

The movement has come very close to the Bab-el-Mandeb Strait

The "East—West" oil pipeline in Saudi Arabia was shut down on September 11. It is noted that the reason for the suspension of work was precautionary measures after a series of attacks.