Country: SA | Published: 2026-09-23
Saudi shares edged higher as the Kingdom restarted its East-West Pipeline to the Red Sea, restoring a key crude export route that bypasses the Strait of Hormuz. Gulf bourses broadl
Saudi shares edged higher as the Kingdom restarted its East-West Pipeline to the Red Sea, restoring a key crude export route that bypasses the Strait of Hormuz. Gulf bourses broadly firmed on the news, a shift from the recent cautious tone as supply logistics continue to normalize after the earlier disruptions. Attention now turns to whether the US-Iran diplomatic backdrop keeps oil price pressure contained, which would support the energy-heavy market.