RiyadhBrent crude fell below $98, a two-week low.
Saudi Arabia’s pipeline restart offers Hormuz a bypass Houthi attacks can still contest.
The 1,200km East-West pipeline can carry 7 million barrels daily to the Red Sea port of Yanbu, bypassing the Strait of Hormuz.
Only 2 commercial vessels crossed Hormuz Monday, versus about 125 a day before the war, shipping data show.
Iran says Hormuz could reopen within a week if Washington lifts its port blockade.
How each outlet framed it
drawn from 150+ reports worldwide
- Financial Times News leans critical
- The National
- highlights Iran's diplomatic signal to reopen Strait of Hormuz within a week if US eases pressure, framing pipeline restart as easing supply squeeze and supporting negotiation window
- NBC News
- emphasizes NBC cannot confirm Iran's Hormuz offer, notes Iranian denials via Fars, underscoring uncertainty around diplomatic breakthrough despite market optimism
Sources: Financial Times News, The National, NBC News