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17.09.26 - 12:54
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Turkey Takes On Houthis? Any Support To Saudis Faces Huge Blowback (ZeroHedge)
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Turkey Takes On Houthis? Any Support To Saudis Faces Huge Blowback
Via Middle East Eye
Turkey's new commitments to Saudi Arabia under the Mecca defence pact could increase the risk of Ankara being drawn into a confrontation with Yemen's Houthis, a development that could have significant consequences for Turkish supply lines to the Horn of Africa. Although Turkey has yet to ratify the pact, expected in October, continued Houthi attacks against Saudi Arabia, and Ankara's recent participation in the Saudi-led Multinational Maritime Defense Alliance make some form of confrontation possible.
Several regional experts interviewed by Middle East Eye said Ankara does not want a clash with the Houthis. Instead, they suggested Turkey could use its relationships with Saudi Arabia and Iran to help defuse tensions while deploying military equipment to help Riyadh better defend itself.
A Turkish official told MEE that Riyadh had not formally requested Ankara's assistance under the Mecca pact, which br...
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17.09.26 - 11:12
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Sutcliffe: Houthi Aim is Leverage Over Saudi Arabia (Bloomberg)
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President Trump is expected to meet Gulf leaders next week, that's according to Axios. The meeting is reportedly set to take place on the sidelines of the UN General Assembly in New York. Meanwhile, oil held its steep drop after reports suggested Saudi Arabia will return to about half the capacity of its damaged East-West pipeline within days. Megan Sutcliffe, Principal Analyst for the Middle East and Africa at Sibylline spoke to Bloomberg's Abeer Abu Omar on Horizons Middle East & Africa on the attacks in the region. (Source: Bloomberg)...
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17.09.26 - 10:24
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Oil Holds Drop as Saudi Arabia Seeks to Restore Pipeline (Bloomberg)
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Oil held a drop on signs that supply disruptions in the Middle East are set to ease, with Saudi Arabia seeking to restore capacity of its damaged East-West pipeline. Global fuel markets have been squeezed by the combined impact of the US-Iran conflict and the war between Russia and Ukraine, with Kyiv pummeling Moscow's refineries. Bloomberg's Will Kennedy breaks down the situation. (Source: Bloomberg)...
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17.09.26 - 06:54
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Saudis Seek to Resume Half of Key Oil Pipeline (Bloomberg)
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Saudi Arabia is seeking to return about half the capacity of its cross-country oil pipeline within days after the link was halted following drone attacks. Bloomberg's Stuart Livingstone-Wallace has the context. (Source: Bloomberg)...
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16.09.26 - 20:39
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Crude Slides On Report Saudis Could Restore Half Of East-West Pipeline Flows Within Days (ZeroHedge)
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Crude Slides On Report Saudis Could Restore Half Of East-West Pipeline Flows Within Days
WTI futures fell to $101 a barrel around midday in New York after Bloomberg reported that Saudi Arabia could restore roughly half the East-West pipeline's capacity within days. The pipeline, a critical export route bypassing the Strait of Hormuz, has been shut since last week's drone attack.
The outlet reported:
State-run Saudi Aramco is working to bypass a damaged section on the route that will allow it to resume part of the pipeline's capacity, the person said, asking not to be identified because the matter is private. The company is looking to return the conduit to its full capability in about six weeks, they said.
A successful restart of the pipeline, which can carry 7 million barrels of crude per day to Yanbu on the Red Sea while bypassing the Strait of Hormuz, would likely provide welcome relief for Europe, which had crude cargoes for this month canceled because of the disruptions.
However, the re...
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