The Red Sea Is Becoming Saudi Arabia's Biggest Oil Bottleneck
For years, Saudi Arabia's strategic answer to any disruption in the Strait of Hormuz has been remarkably straightforward. If volumes via the Persian Gulf were threatened, the answer was to pump west through the East-West Pipeline to Yanbu on the Red Sea. Markets have always seen this as reassuring,
Source: OilPrice.com
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DW NOTE
Saudi Arabia pumps 3.3 million barrels per day through the Red Sea pipeline to Yanbu — its only export route while the Strait of Hormuz remains closed for the 148th straight day. Every tanker now navigates the same corridor Houthi forces have been targeting for two years. The kingdom built redundancy for commercial optionality, not because its primary export route might stay shut for five months.