EconomySaudi Arabia Restores Key Oil Pipeline as Hormuz Talks Stall

Name: Saudi Arabia Restores Key Oil Pipeline as Hormuz Talks Stall
Uploaded: 2026-09-29T07:22:20.000Z
Description: Saudi Arabia has restored its key East-West oil pipeline, with flows reaching 3.5 million barrels a day, or half capacity. Hopes for a US-Iran deal are fading as Tehran grows pessimistic about an agreement before the US midterms, while Hormuz talks stall and oil prices rise, adding to inflation concerns.

Saudi Arabia has restored its key East-West oil pipeline, with flows reaching 3.5 million barrels a day, or half capacity. Hopes for a US-Iran deal are fading as Tehran grows pessimistic about an agreement before the US midterms, while Hormuz talks stall and oil prices rise, adding to inflation concerns.

Bloomberg Television 2026-09-29 07:22