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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.
AI Summary
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, while strengthening Saudi energy security and reducing depe…
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