Saudi Arabia has resumed operations on the East-West oil pipeline following drone attacks that had halted loading at the port of Yanbu on the Red Sea. The pipeline is currently operating at a reduced speed, with full capacity expected to be restored in several days.

Global Brent crude oil prices fell by more than $2 to $97 per barrel. Riyadh uses this pipeline to reroute approximately 4 million barrels per day, bypassing the Strait of Hormuz, whose supply has been disrupted by the war between the US and Israel against Iran.