📌 Three points from this news:

📌 Three points from this news:

1. Saudi oil exports from the West Coast were paralyzed

Since September 20, 1405, no oil cargo has left Yanbu Port; Attacks by Yemen's armed militant forces on the vital East-West pipeline have halted the transportation of Saudi oil along the Red Sea.

2. The 7 million barrel pipeline is out of reach for 5 to 6 weeks

According to Reuters, this 1,200-kilometer-long pipeline, which has a capacity of 7 million barrels per day, needs a full repair of 5 to 6 weeks, and its partial operation will resume in the coming days.

3. Emotional shopping in the market; The price of oil increased by 20%

The termination of this pipeline caused an exciting purchase by Aramco customers; The Polish Orlan company held more than 10 tenders since Friday alone, and the Western media reported a 20% increase in the price of crude oil this month.