Saudi Return Drives Post-War High in Gulf Crude Exports
Crude oil exports from the Persian Gulf have reached their highest level since the Iran war began, thanks in part to the return of regional heavyweight Saudi Arabia.
The latest data shows that crude oil leaving the gulf has surpassed pre-war levels, with the resurgence attributed to Saudi's efforts to increase its Hormuz exports.
Saudi Arabia recently completed repairs to its East-West pipeline and plans to resume crude loadings at its Red Sea port of Yanbu.