Iraq is investigating a drone attack on a key Saudi oil pipeline – which they confirmed originated from its territory near the border with Iran – on Friday. Satellite images show damage to the cross-country East-West pipeline. Before being shut down Friday, the facility played a crucial role in Saudi Arabia's ability to export oil from the Red Sea since U.S. disruption of the Strait of Hormuz. As a result, the airstrike is deepening an energy squeeze in the region, pushing crude oil prices above US$100 a barrel. Amid the U.S.-Iran war, Iraq is under mounting pressure to prevent local militias from aiding other Iran proxy groups across the region. The Saudi Foreign Ministry – which has vowed not to retaliate – said it would give the Iraqi government an opportunity to take the necessary measures. For more info, please go to https://globalnews.ca Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc Follow Global News on X HERE: http://bit.ly/1Toz8mt Follow Global News on TikTok HERE: https://www.tiktok.com/@globalnews.ca?lang=en #GlobalNews #Iraq #SaudiArabia #Oil #StraitOfHormuz