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BlockBeats reported that Saudi Arabia’s East-West Pipeline has resumed oil exports; after the report emerged, both US and Brent crude oil prices fell nearly 0.8 USD, at 94.21 USD and 100.34 USD。
After operations were disrupted by recent drone attacks, Saudi Arabia restarted its East-West Oil Pipeline. The pipeline can bypass the Strait of Hormuz, providing an alternative route for crude oil transportation and reducing the risk of disruption to a single route.
Sources state that Saudi Arabia is prepared to resume crude oil exports from Yanbu port late Tuesday, with no official confirmation yet.