WorldSaudi Pipeline Repairs Underway as US Approves $24.3B F-35 Sale

Oil prices are falling as supply concerns ease and diplomacy gathers pace. Saudi Arabia is working to restore its key East-West oil pipeline and is selling more crude through the Strait of Hormuz. The US has approved a $24.3 billion sale of F-35 jets to Saudi Arabia; US and Gulf countries are due to meet during next week’s UN General Assembly, while Washington says Iranian officials may travel to New York.