Saudi Arabia says East-West oil pipeline back to 5.8 million bpd

The restoration matters less for the headline number than for what it reveals about redundancy: a single drone strike could idle a route explicitly built to bypass Hormuz, and returning it to 5.8 million bpd still leaves roughly a fifth of its nameplate capacity unused. For crude and freight markets, the episode reinforces that Saudi export logistics now carry a persistent security premium that no single repair fully removes. Whether the remaining gap to maximum capacity is closed, and how quickly, is the open question.