Summary
Saudi Arabia has fully restored the capacity of its East-West pipeline after it was attacked during the ongoing US-Israel conflict with Iran. The pipeline can now pump about seven million barrels of oil a day, as confirmed by Saudi Arabia's Ministry of Energy. The announcement comes amidst tensions as a fragile ceasefire with Iran has been established.
Key Facts
- Saudi Arabia's East-West oil pipeline is now back to full capacity.
- The pipeline can handle about seven million barrels of oil per day.
- The restoration follows attacks linked to the US-Israel conflict with Iran.
- Saudi Arabia's Ministry of Energy reported the restoration on Sunday.
- The attacks also affected other oilfields like Manifa and Khurais, with Manifa now fully restored to 300,000 barrels per day.
- The East-West pipeline is vital as the Strait of Hormuz is nearly closed, affecting global oil supply.
- The global shipping of oil through the Strait of Hormuz has drastically decreased, with only 22 ships exiting recently, compared to about 135 daily before the conflict started.
