Economy
Saudi Arabia Reopens Key Oil Pipeline After Drone Damage
Saudi Arabia has reopened a major oil pipeline connecting eastern fields to the western port of Yanbu after it was damaged by Houthi drone attacks last week. Although limited pumping has resumed, full restoration is expected to take approximately six weeks, raising concerns about supply security amid the ongoing blockade of the Strait of Hormuz. Iran has stated it is willing to lift the blockade if the United States halts hostilities and removes restrictions on Iranian ports, as global oil prices remain elevated due to reduced shipping traffic through the strategic waterway.
Ozetta summarises; the reporting is the newsroom's