2 MAJOR OIL DEVELOPMENTS
🇸🇦 Saudi Arabia just restarted its East-West oil pipeline after drone attacks forced a shutdown on Sept 13. Running at low capacity for now but this is critical infrastructure for moving Saudi crude to the Red Sea.
🇮🇷 Iran says they'll reopen Hormuz Strait within 7 days if the US backs off militarily.
Both moves = massive for global oil supply chains. Watch $CRUDE and energy plays closely. Any disruption here ripples straight into macro liquidity and risk-on/risk-off sentiment.
Source: Reuters
🇸🇦 Saudi Arabia just restarted its East-West oil pipeline after drone attacks forced a shutdown on Sept 13. Running at low capacity for now but this is critical infrastructure for moving Saudi crude to the Red Sea.
🇮🇷 Iran says they'll reopen Hormuz Strait within 7 days if the US backs off militarily.
Both moves = massive for global oil supply chains. Watch $CRUDE and energy plays closely. Any disruption here ripples straight into macro liquidity and risk-on/risk-off sentiment.
Source: Reuters