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Oil Pipe Bypassing Hormuz to Reopen ‘Soon,’ US Energy Chief Says
Source: Bloomberg
Energy Markets & PricesGeopolitics & WarInfrastructure & DefenseCommodities & Raw Materials
U.S. Energy Secretary Chris Wright said a critical Saudi oil pipeline, shut late last week after an attack, should return online soon. The expected restart reduces the risk of a prolonged supply disruption, but the attack underscores ongoing geopolitical and infrastructure-security risks for oil markets.
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