Saudi Arabia reopens key pipeline as G7 urges Houthis to halt attacks

quotidiano.net (Italian)

Saudi Arabia has reopened its East-West oil pipeline to bypass the Strait of Hormuz, but the move may be insufficient as Houthi forces advance in Yemen and threaten the Bab el-Mandeb strait. The partial restart initially lowered Brent prices, though they rose again after President Trump's UN speech. The pipeline, halted in mid-September after a drone attack, can carry up to 4 million barrels daily to the Red Sea, about 4% of global supply, but damaged pumping stations may take six to eight weeks to fully restore. Trump demanded economic isolation of Iran, offering a choice between a deal or "annihilation," while the G7 urged Houthis to stop maritime attacks. Iran proposed reopening Hormuz within seven days if Washington eases military pressure and lifts port blockades, with Trump reporting a three-hour US-Iranian meeting in New York. Over 130,000 people have been displaced in Yemen since September, and Macron renewed calls for a two-state solution.


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