EnergyHighEmergingAccelerating
8.5
Oil Rally Intensifies as Saudi Yanbu Port Loading Suspended
Capital.grLO·SA·1 day ago
Saudi Arabia is exporting more crude via Oman while repairing the East-West pipeline, easing supply concerns after Houthi attacks disrupted Red Sea shipments. Brent fell to $105.89 and WTI to $102.39, reversing earlier spikes above $108 and $103. The reroute mitigates near-term supply risk but highlights persistent vulnerability of Saudi energy infrastructure to Houthi strikes.