Saudi Arabia rerouted about 1 million barrels a day away from the Strait of Hormuz
Saudi Arabia rerouted about 1 million barrels a day away from the Strait of Hormuz Nearly 4 million barrels of crude oil per day passed through the Bab el-Mandeb Strait in March, up from about 3 million the previous month and the highest level since October 2023, according to Kpler. The increase came as Saudi Arabia rerouted crude via its East-West pipeline to the Red Sea port of Yanbu following the disruption of the Strait of Hormuz. The pipeline has...
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