Saudi Arabia resumes Yanbu oil exports after East-West pipeline restart
Saudi Arabia has resumed loading crude at Yanbu following the restart of the East-West pipeline, increasing Middle East export capacity and partially bypassing the Strait of Hormuz. Hormuz shipments remain below pre-war levels, indicating ongoing disruption. This development eases supply concerns but does not fully resolve regional export constraints.
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Saudi East-West Pipeline Resumes, Hormuz Flow Continues Amid US-Iran Stalemate
Saudi Arabia has resumed crude flow through its East-West pipeline and restarted oil loadings at Yanbu following repairs from a drone attack, restoring approximately half of its capacity. This action, coupled with continued, albeit clandestine, transit through the Strait of Hormuz, has eased immediate supply concerns. However, oil prices remain supported by the persistent US-Iran diplomatic stalemate regarding the full reopening of the Strait of Hormuz, with Tehran confirming Washington rejected its latest proposal.