Saudi Restores East-West Pipeline, Resumes 7 Million Barrels-a-Day Crude Shipments
Summary
- Saudi Arabia said it has fully restored the East-West pipeline, which bypasses the Strait of Hormuz, and resumed crude shipments of about 7 million barrels a day.
- The move is viewed as an effort to secure energy supply-chain stability amid geopolitical risks in the Middle East.
- Uncertainty over Iran's nuclear weapons ambitions persisted after US-Iran talks failed to reach an agreement.
Forecast Trend Report by Period
Saudi Arabia has fully restored the East-West pipeline, which bypasses the Strait of Hormuz.
Watcher.Guru reported on July 12 that the kingdom had normalized operations on the East-West pipeline and resumed crude shipments of about 7 million barrels a day. The pipeline is a key piece of infrastructure that allows Saudi Arabia to export oil without passing through the Strait of Hormuz.
The move comes as Middle East geopolitical risks persist, underscoring efforts to bolster energy supply-chain stability.
Separately, talks between the US and Iran failed to produce an agreement on July 12. US Vice President JD Vance said in Islamabad, Pakistan, that the two sides had not reached a deal despite 21 hours of talks and that Iran had decided not to accept Washington's terms.
Vance added that the latest discussions had shortcomings and said progress in the negotiations was limited. He also stressed the need for clear confirmation that Iran will not pursue nuclear weapons.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
