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Saudis Pivot to Send More Oil Through Hormuz After Pipeline Shut
Source: Bloomberg
Energy Markets & PricesGeopolitics & WarTransportation & LogisticsCommodities & Raw Materials
Saudi Arabia is increasing prompt spot crude sales from locations outside the Strait of Hormuz after the shutdown of its East-West pipeline halted cross-country deliveries to the Red Sea coast. The disruption constrains a key alternative export route, elevating risks to Saudi crude logistics and potentially tightening near-term regional oil supply.
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