Houthi actions and pipeline damage create strategic disaster for Saudi Arabia and US, risking oil supply shortages

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The Houthi forces' seizure of the Bab al-Mandeb strait and the damage to Saudi Arabia's East-West pipeline, which removes an estimated 4% of global oil supply, constitute a strategic disaster for Saudi Arabia and the US, potentially leading to oil export shortages for Saudi Arabia within weeks if the pipeline is not restarted.