Saudi Restores Key Pipeline, Iran Outlines Recovery, US-Iran Ceasefire Hopes

Market News
1. Saudi Arabia has successfully restored the full pumping capacity of its East-West pipeline, amounting to approximately seven million barrels per day, after it was affected by attacks.
2. Iran's Deputy Minister of Oil stated that damaged refinery and distribution facilities can regain 70-80% of their previous capacity within 1-2 months.
3. Israel assesses that the US-Iran ceasefire may be extended to allow both parties to continue their engagement after initial negotiations failed.