Saudi Aramco is exploring increased crude exports via its Red Sea port of Yanbu to bypass the effectively blocked Strait of Hormuz, per Bloomberg.
The move would shift flows through the kingdom’s East-West pipeline as Gulf shipping faces major disruption.
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Saudi Aramco is exploring increased crude exports via its Red Sea port of Yanbu to bypass the effectively blocked Strait of Hormuz, per Bloomberg.
The move would shift flows through the kingdom’s East-West pipeline as Gulf shipping faces major disruption.