Saudi Arabia has fully operationalized its East-West pipeline, moving 7 million barrels of oil daily to the Red Sea port of Yanbu. This crucial alternative route aims to maintain export supplies following disruptions to the Strait of Hormuz. While not fully replacing Hormuz volumes, the pipeline’s operation is mitigating significant price increases amid escalating regional tensions. Saudi Arabia has fully operationalized its East-West pipeline, moving 7 million barrels of oil daily to the Red Sea port of Yanbu. This crucial alternative route aims to maintain export supplies following disruptions to the Strait of Hormuz. While not fully replacing Hormuz volumes, the pipeline’s operation is mitigating significant price increases amid escalating regional tensions.
Trending
- Strait of Hormuz chokehold: What is happening to petrol prices in India and neighbouring nations amid oil supply crunch?
- ‘BJP says can’t eat fish, meat’: Mamta Banerjee campaigns in Purulia
- BSEB Class 10th Results: 81.79% students pass, Pushpanjali Kumari and Parveen secure top rank
- Oman government takes over SalamAir, airlines to operate separately
- After Nepal ex-PM Oli, former minister Deepak Khadka arrested in Gen Z protests
- ‘Targeted assasination’: Iran blasts Israel killing 3 journalists; questions int’l law
- US man sells home for $1 million using ChatGPT, reveals what got highest return
- Gujarat woman strangled with clutch wire by ex-domestic help she trusted for 15 years