
Saudi East-West Pipeline Outage Threatens 4% Hit to Global Oil Supply
Saudi Arabia’s East-West pipeline shutdown could threaten 4% of global oil supply as traders await repair timelines and export updates.

Saudi Arabia’s East-West pipeline shutdown could threaten 4% of global oil supply as traders await repair timelines and export updates.

Houthi forces captured Yemen’s port city of Mocha, increasing market concern over Bab el-Mandeb shipping risks and potential oil price pressure.

The US and Iran agreed to halt attacks until June 30 ahead of talks in Qatar on reopening the Strait of Hormuz, impacting global oil markets and shipping volumes.

US forces struck Iranian military infrastructure after drone attacks on oil tankers near the Strait of Hormuz, escalating tensions and impacting global energy markets.

The US Treasury has let expire its temporary waiver on sanctions for Russian oil shipments, ending a brief regulatory easing amid high energy prices.

President Trump announced positive US-Iran negotiations, nearing a deal to end conflict and initiate further talks on nuclear issues and sanctions.

Global oil stocks declined by a record 200 million barrels in April amid Middle East tensions, pushing inventories close to eight-year lows despite demand drops.