Saudi Oil Pipeline Restored Amid Stalled Hormuz Talks
Saudi Arabia has restored its key oil pipeline after it was disrupted by a blockade imposed by Houthi rebels in Yemen. The pipeline, which carries oil from Saudi Arabia's Eastern Province to the Red Sea port of Ras Tanura, is a vital export route for the kingdom.
The disruption had caused concerns about global oil supplies and prices. However, with the pipeline back online, oil production is expected to return to normal levels.
The restoration of the pipeline comes as talks between Saudi Arabia and Yemen's Houthi rebels stalled over a prisoner swap deal. The deal was aimed at releasing 15 Saudi prisoners held by the Houthis in exchange for the release of 50 Houthi fighters held by the Saudis.