September 23, 2026 [Oil Price]- Saudi Arabia has restarted its East-West oil pipeline, which had been shut down due to drone attacks earlier this month. The pipeline, capable of transporting 4 million barrels per day, is currently operating at a low rate, with a full restart expected to take weeks. One cargo is set to load for China from the Red Sea port of Yanbu. This development coincides with Iran’s proposal to reopen the Strait of Hormuz if the U.S. eases military pressure. Oil prices temporarily dipped but began to recover as traders adjusted to the situation.

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