RIYADH (Dunya News) – Saudi Arabia has reactivated its East-West oil pipeline after temporarily shutting it down following drone attacks by Yemen’s Houthi movement, according to Reuters.
The pipeline had been closed on Sept. 13 after Houthi drone attacks, while crude oil loading operations at the Red Sea port of Yanbu were also suspended.
Reuters reported that crude oil exports from Yanbu are also expected to resume on Tuesday following the reopening of the pipeline.
The resumption of pipeline operations contributed to a notable decline in international crude oil prices, as concerns over disruptions to Saudi oil supplies eased.
Saudi Arabia had been transporting around 4 million barrels of crude oil per day to Yanbu through the East-West pipeline.
The pipeline provides an alternative route for transporting Saudi crude to the Red Sea, allowing oil to bypass the Strait of Hormuz.