Saudi Arabia reopens East-West oil pipeline after attack damage

Saudi Arabia has reopened the East-West oil pipeline following damage from attacks, according to Reuters. Saudi Aramco is preparing to resume oil exports through Yanbu port on the Red Sea coast as early as today. The pipeline can transport approximately 7 million barrels per day on a route that bypasses the Strait of Hormuz, potentially helping to lower global oil prices. Oil loading at Yanbu port, one of Saudi Arabia's main export terminals on the Red Sea, had been halted after the pipeline shutdown disrupted the kingdom's oil exports, affecting European markets.