Saudi Arabia risks losing up to 4% of global oil supply if its drone-damaged East-West pipeline does not resume operations within days. The route normally moves roughly 4 million barrels per day to Yanbu on the Red Sea, bypassing the Strait of Hormuz, but storage there can sustain exports for only five to seven days. Brent settled Friday at $104.61 a barrel and WTI at $100.05, with both benchmarks gaining more than 8% for the week despite a pullback. The outage adds pressure to a market already facing reduced flows through Hormuz and heightened risks near Bab el-Mandeb. The International Energy Agency expects global oil demand to fall by 2.5 million barrels per day in 2026, but estimates supply could decline by about 5.7 million barrels per day this year. U.S. diesel has risen above $6 per gallon, while distillate inventories are expected to remain below their five-year low through the end of 2026 and much of 2027.