Oil Prices Retreat as Saudi Arabia Restarts East-West Pipeline and Yanbu Port

Key Facts

1Saudi Arabia has successfully restarted the key East-West pipeline and resumed loading operations at Yanbu port.

Oil prices retreated following news that Saudi Arabia has successfully restarted the key East-West pipeline and resumed loading operations at Yanbu port. FX Empire reported that the restoration of these logistics facilities has increased supply reliability, easing previous concerns regarding potential export disruptions from the terminal.

The resumption of operations at Yanbu, which serves as a strategic route to bypass the Strait of Hormuz, led traders to bet on increased physical oil supply. This restoration of major Saudi export infrastructure on September 29, 2026, put downward pressure on both Brent and WTI crude prices as supply-side risk premiums began to dissipate.