Crude Oil is trading 6.6% down at $95.18 after reports that Saudi Arabia is offering additional crude cargoes to Asian refiners through ship-to-ship transfers near Oman.
- Expectations of roughly half of damaged East-West pipeline capacity returning within days reduced fears of a prolonged outage.
- Reuters reported alternative shipments were blunting the attacks’ supply impact; the move reflects easing Middle East supply-risk premiums and remains primarily a sector-wide commodity reaction, not a company-specific catalyst.