Saudi East-West Pipeline shows signs of restarting, aiming to resume crude oil exports from Yanbu port this week; Iranian President heads to UN General Assembly, Brent crude falls below $100.
Saudi Arabia's East-West crude oil pipeline has signaled a restart. Bloomberg reported, citing people familiar with the matter, that Saudi Arabia is aiming to resume crude oil exports via the port of Yanbu as early as later this week. Meanwhile, Iranian President Pezeshkian departed for New York on Tuesday (September 22) to attend the United Nations General Assembly, and is expected to deliver a speech on the morning of September 23 local time. Against this backdrop, Brent crude extended its decline on Tuesday, falling below the $100 per barrel mark.
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