🏆 Jakob Eras@Jakob.eras

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Saudi Arabia oil exports Strait of Hormuz

Crude flows out of Saudi Arabia are at their highest mark since the Iran war started, and a fresh US-secured shipping lane hugging Oman's coast in the Strait of Hormuz is carrying part of that traffic Exports climbed almost 80% to 6 million barrels per day, a gain that landed even with the East-West oil pipeline knocked out by a drone strike Brent crude spiked to $110 once that pipeline went offline, then slid back down as the barrels kept moving

2h

🏆 Jakob Eras@Jakob.eras

Follow

Saudi Arabia oil exports Strait of Hormuz

Crude flows out of Saudi Arabia are at their highest mark since the Iran war started, and a fresh US-secured shipping lane hugging Oman's coast in the Strait of Hormuz is carrying part of that traffic Exports climbed almost 80% to 6 million barrels per day, a gain that landed even with the East-West oil pipeline knocked out by a drone strike Brent crude spiked to $110 once that pipeline went offline, then slid back down as the barrels kept moving

2h