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Commodities

Saudi Oil Pipeline Expected Back Online Within Days

Guavy AI Editorial Team
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Oil
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US Energy Secretary Chris Wright announced that Saudi Arabia's East-West Pipeline is expected to resume operations within days. The pipeline was temporarily closed due to attacks from Iraq, disrupting oil flow through the kingdom.

The pipeline closure had significant implications for global energy markets, with concerns about oil supply disruptions and price volatility.

Wright made the statement during an interview with CNBC on Tuesday, providing a timeline for the resumption of operations.

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