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Saudi Arabia restarts oil exports via pipeline
Saudi Arabia has restarted the East-West pipeline after repairs, allowing the transfer of approximately 3.5 million barrels per day, which is about half of its total capacity of 7 million barrels. This resumption comes at a time when the Kingdom's exports are under pressure due to Houthi attacks on energy facilities in the Red Sea, and with increasing reliance on the pipeline as an alternative route for oil exports through the Strait of Hormuz, which has seen escalating tensions with Iran. This development enhances Saudi Arabia's supply resilience and reassures markets, especially after oil prices rose to around $107 per barrel due to regional tensions.
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