Slovakia says that as of 2AM CET, Druzhba flows have resumed, oil deliveries are currently proceeding in line with the agreed plan
Slovakia's announcement of resumed Druzhba pipeline flows suggests a stabilization in oil supply, which could alleviate concerns about energy disruptions in the region.
European Movers: STMicroelectronics (STMPA FP) +9.3%, Nestle (NESN SW) +5.0%, WH Smith (SMWH LN) -14.5%, J Sainsbury (SBRY LN) -6.7%, Legal & General Group (LGEN LN) -6.5%, Fresnillo (FRES LN) -5.5%, Essilorluxottica (EL FP) -3.9%
Sainsbury's (SBRY LN) CEO says since the US-Iran war started, not seeing issues with availability or meaningful changes in customer behaviour
Slovakia says that as of 2AM CET, Druzhba flows have resumed, oil deliveries are currently proceeding in line with the agreed plan
Israel and Lebanon talks in the US are slated for Thursday at 16:00EDT/21:00BST
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Given the significance of Druzhba as a key conduit for oil, this development may support WTI prices and impact broader commodity markets as traders adjust their positions based on supply stability.
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