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Oil prices declined sharply following reports that Saudi Arabia has restarted its East-West pipeline, which transports crude to the Red Sea port of Yanbu. Although the pipeline is initially operating at a reduced capacity, the move significantly eased immediate supply fears that had previously pushed energy prices higher. Meanwhile, Brent crude fell to $98.68 and WTI dropped to $93.60, as traders shifted focus to physical market flows and potential U.S.-Iran diplomatic discussions ahead of the UN General Assembly.
