Saudi Arabia's East-West pipeline is flowing as normal, Bloomberg reports citing sources

The East-West line is the Kingdom's bypass of the Strait of Hormuz, carrying crude from the eastern fields to Red Sea export capacity, and headlines confirming it is flowing normally tend to appear only when some disruption or threat to Gulf transit is already in the price. In past episodes of Gulf supply anxiety, the market's sensitivity has split between actual interruption to flows, which is rare, and the perceived risk premium around chokepoints, which is common and has historically faded once continuity of throughput is confirmed. Confirmation of normal operations typically works to unwind whatever premium the disruption story...