Country: SA | Published: 2026-09-17
Saudi Arabia's supply picture is easing, with oil pulling back from recent highs as fears of Middle East disruptions fade and Riyadh works to reroute exports away from danger zones
Saudi Arabia's supply picture is easing, with oil pulling back from recent highs as fears of Middle East disruptions fade and Riyadh works to reroute exports away from danger zones. The Houthi conflict still casts a shadow, with reported Saudi strikes and accusations over targeting Mecca keeping tensions simmering beneath the calmer oil narrative. The central bank's 25 basis point rate hike, mirroring the US Federal Reserve, confirms monetary policy remains tied to the dollar peg rather than local security concerns.