nu

Major Saudi oil pipeline back in operation

Major Saudi oil pipeline back in operation

A 1,200-kilometer Saudi Arabian oil pipeline has resumed operations after a two-week closure caused by Houthi drone attacks. The pipeline is vital for global oil exports as it provides an alternative route to the Strait of Hormuz.

A major Saudi Arabian oil pipeline, which spans 1,200 kilometers from the Persian Gulf to the Red Sea port of Yanbu, has resumed operations following a two-week shutdown. The pipeline was closed earlier this month after drone attacks by Houthi rebels caused damage to the infrastructure, leading to global concerns regarding oil supply security and rising prices. This route is strategically significant as it allows Saudi Arabia to export oil while bypassing the vulnerable Strait of Hormuz.

Although the pipeline is back in service, oil prices continued to rise on Monday following the rejection of an Iranian proposal by U.S. President Donald Trump concerning a ceasefire and the reopening of the Strait of Hormuz. While the system is now transporting crude oil for export and domestic refinery use, it remains unclear if the network has returned to its maximum capacity of seven million barrels per day. The pipeline was originally expected to remain offline for up to six weeks following the attacks.

Based on reporting by nu. Translated and condensed by LocalHeadlines.

Related articles

Turkish stock market scandal hits hundreds of thousands of investors, mostly those with low income

Turkish stock market scandal hits hundreds of thousands of investors, mostly those with low income

Hundreds of thousands of Turkish investors have lost most of their capital after a massive stock market fraud involving over 130 investment funds was exposed. The funds used artificial trading to inflate stock prices, leading to widespread losses when the scheme collapsed and authorities intervened.

Trial successful: over 60 percent of Amsterdam asylum seekers find a job or take steps toward paid employment

Trial successful: over 60 percent of Amsterdam asylum seekers find a job or take steps toward paid employment

A successful pilot program in Amsterdam has helped over 60 percent of participating asylum seekers find employment or make progress toward securing a job since 2025. Due to these positive results, the initiative, which primarily placed participants in the hospitality, logistics, and transport sectors, will be continued.

Amsterdam pilot helps 644 asylum seekers find work

Amsterdam pilot helps 644 asylum seekers find work

A pilot project in Amsterdam has successfully assisted 644 asylum seekers in finding employment. Both the participants and the involved employers have expressed positive feedback regarding the initiative.

Many countries lower fuel taxes, but 'high prices serve a purpose'

Many countries lower fuel taxes, but 'high prices serve a purpose'

Many countries are increasingly subsidizing fuel costs, but experts warn that broad tax cuts are an expensive and inefficient way to support the public. Instead of general price reductions, economists advocate for targeted support for vulnerable households to ensure resources are used effectively while encouraging the transition to sustainable transport.

AI scammers impersonate CEO and steal millions from Italian bank

AI scammers impersonate CEO and steal millions from Italian bank

Fraudsters used AI-generated voices to impersonate executives and deceive Fideuram into transferring 95 million euros to foreign accounts. Authorities managed to recover 53 million euros, while investigations into the suspects and the remaining missing funds continue.