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Saudis’ Gulf Oil Surge Drives Exports to Highest Since War Began
Source: Bloomberg
Energy Markets & PricesGeopolitics & WarTransportation & Logistics
Saudi Arabia's September crude shipments rose to their highest level since the start of the Iran war after the kingdom rapidly increased exports through the Strait of Hormuz. The rerouting followed an attack on a key Saudi bypass pipeline, underscoring continuing risks to regional oil-export infrastructure and shipping routes despite the near-term export recovery.
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