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Saudi Arabia Restores East-West Pipeline Damaged by Houthis, Bloomberg Reports
Saudi Arabia has resumed operations on its East-West oil pipeline after it was damaged by Houthi attacks from Yemen, according to Bloomberg citing insiders. This restoration follows disruptions caused by the conflict with Israel and Iran, which had already pressured exports via the Strait of Hormuz. Although the pipeline handles roughly 4 percent of global supply, the blockade of the Bab el-Mandeb strait continues to force alternative, longer routes through the Suez Canal for Asian markets.
Ozetta summarises; the reporting is the newsroom's