Saudi Arabia Restores Flow on Key East-West Oil Pipeline After Drone Damage
Saudi officials say the East-West pipeline, hit by a drone strike, is back in operation, with oil expected to leave the Janbu terminal soon.
Three informed sources said that Saudi Arabia has resumed shipments through the East-West pipeline, which was damaged in a recent drone attack. The line can move up to seven million barrels per day and provides an alternative route that bypasses the Hormuz Strait. Export from the Janbu terminal on the Red Sea is slated to begin within the next day. The pipeline’s reopening eases pressure on tanker traffic through the partially blocked strait.
Why it matters
Re-opening the pipeline secures a major oil export route, limiting disruption from regional tensions.
How this story developed
- Sep 2 Diesel hits $5.68 per gallon, highest since 2022, as Trump urges price cuts
- Sep 7 Hungarian diesel price reached a record above 688 forints per litre.
- Sep 7 Diesel price rose to $5.85 per gallon, a new national high.
- Sep 9 The president blocked the tax on extraordinary profits of energy firms, leaving the state without budgetary means to aid motorists.
- Sep 11 US Treasury prices slipped Friday, lifting the 10-year yield to roughly 4.97%, close to the 5% mark, as oil prices climbed and expectations of a Federal Reserve rate hike grew.
- Sep 13 A ship was hit by a projectile while transiting the Strait of Hormuz, prompting crew evacuation after a fire broke out, according to UKMTO.
- Sep 14 Saudi Arabia temporarily closed its east‑west pipeline after a drone strike traced to Iraq, while an Iranian commercial vessel reported casualties nearby.
- Sep 14 Brent crude prices rose above $100 a barrel.
- Sep 14 U.S. officials report that roughly two-thirds of pre-conflict oil volumes are now moving through Hormuz, while Iran disputes control of the waterway. Tanker-tracker data, however, shows daily transits remain far below historic levels. At the same time, attacks on a Saudi pipeline and a vessel in the strait have lifted global oil prices.
- Sep 17 The Federal Reserve lifted its policy rate by a quarter point, its first increase in three years.
- Sep 18 The Sejm voted to pass the extraordinary‑profits tax on fuel companies.
- Sep 19 Diesel prices reached $5.68 per gallon, the highest figure since 2022.
- Sep 21 Fire on the tanker was extinguished after the projectile strike.
- Sep 22 AMD’s market value reached $1 trillion.
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