Saudi Arabia's Oil Supplies Recover, Houthi Attacks Offset Brent Crude Drop

Oil prices fell on Monday as investors focused on signs of a recovery in Saudi Arabian crude shipments. Even as attacks by Yemen's Iran-backed, Houthis added. to tensions in the Middle East and the US and Iran remained locked in a stalemate.

Saudi AramcoIt was East-West pipeline disruptions had previously sent oil flows through Yanbu plummeting to 700,000 barrels per day in August.

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"Middle East oil flows remain surprisingly strong despite the disruption to Saudi Arabia's East-West pipeline," JPMorgan analysts said in a note. They said total oil flows had averaged 17.1 million bpd over the previous 10 days. About 6.1 million bpd below the 2025 average.

Saudi exports recovered to just over 4 million barrels per day (bpd) so far in September. After falling to 2.4 million bpd in August. According to provisional data from analytics firm Kpler.

US President Donald, Trump said. he would be open to meeting Iranian President Masoud Pezeshkian. Who is expected to travel to New York this week for the United Nations General Assembly.

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Iran has also conveyed conditions to mediators for resuming negotiations aimed at ending the conflict with the US.

Asia's major markets made a modest ascent on Monday. Bolstered by a surge in shares from semiconductor companies that are capitalizing on the insatiable appetite for AI-driven innovations. Meanwhile, oil prices experienced a brief reprieve as Saudi Arabia's increased production helped temper concerns about regional instability.