Saudi Arabia may be just days away from not being able to export much oil - MarketWatch
Saudi Arabia may be just days away from not being able to export much oil - MarketWatch
Source: MarketWatch
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DW NOTE
Saudi Arabia exports 80% of its oil through the Strait of Hormuz. Iran closed the Strait two months ago. The logical conclusion arrived weeks late, but it has arrived: the Kingdom's export capacity is measured in days of remaining tank space, not months of strategic flexibility. When you build an economy on a single commodity and route it through a chokepoint controlled by your sectarian rival, this was always the endgame.