India, Sept. 14 -- US-Israel-Iran War Latest Live News: The global oil market is entering another dangerous phase as Saudi Arabia faces a race against time to restore a crucial pipeline that has helped keep its exports moving during the Iran war.

The East-West pipeline, which carries crude from Saudi Arabia's oil-producing east to the Red Sea port of Yanbu, remains shut after drone attacks damaged a key pumping facility. Industry sources told Reuters that Yanbu's available stocks could support exports for only about five to seven days if the pipeline remains offline.

That creates a major risk for global energy markets. The 1,200-kilometre route can move around 4 million barrels of oil per day, equal to roughly 4% of global supply. If Sa...