The
1,200-kilometer pipeline, linking eastern oil fields to the Red Sea port of
Yanbu, restarted operations Tuesday, enabling crude exports to resume despite
damage from September 13 drone attacks linked to Iraqi territory.
It normally carries about 4 million barrels per day around 4% of global supply bypassing the disrupted Strait of Hormuz, though full capacity may take weeks.
Oil prices dropped sharply in response, with Brent futures falling over $2 a barrel below $90 and West Texas Intermediate nearing $89.50, offering some relief amid regional tensions and tight tanker availability.