Saudi Arabia downs missiles fired at Riyadh after Houthi attack on pipeline
Saudi forces intercept two missiles fired towards Riyadh, hours after reporting damage to key East-West pipeline.
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Exports of liquefied natural gas via the Strait of Hormuz last month reached the highest total since February, at 31 tankers, compared with 27 in September, according to data from Kpler, as cited by Reuters. What is perhaps more impressive is that most of these cargoes were loaded from Qatar’s Ras Laffan hub, despite it still being under force majeure.
Saudi forces intercept two missiles fired towards Riyadh, hours after reporting damage to key East-West pipeline.
Oil prices fell due to President Trump's announcement regarding US military action against Iran, easing supply concerns. Brent crude futures dropped to $92.33 per barrel while WTI futures reached $86.50.
Saudi Arabia’s East-West pipeline, the kingdom’s main route for moving crude around the Strait of Hormuz, came under attack on Monday, the same day a Reuters survey showed OPEC output had recovered to 90% of its pre-war rate. An Energy Ministry official said the pipeline was targeted in the Medina region, causing a limited fire that emergency crews put out with no casualties and no disruption to operations.
Trump said he "knows nothing" about the UAE-linked investment in the crypto firm he co-owns, and that his sons run the business.
Pressed on why he doesn't divest from the family's crypto venture, Trump said his sons run the business and every president faces conflicts.
OPEC's crude production rose toward pre-war levels last month as Saudi Arabia led a further recovery in Persian Gulf supplies, according to a Bloomberg survey.
