The media learned about Riyadh's increasing oil exports bypassing the Strait of Hormuz
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- The media learned about Riyadh's increasing oil exports bypassing the Strait of Hormuz
Saudi Arabia has brought the East–West oil pipeline, which bypasses the Strait of Hormuz, to full capacity. This was reported by Bloomberg on March 28.
"According to a source familiar with the Saudi oil industry, crude oil exports through Yanbu have reached about 5 million barrels per day, and the kingdom exports from 700,000 to 900,000 barrels per day of petroleum products. Of the 7 million barrels per day passing through the pipeline, 2 million are destined for Saudi oil refineries," the article says.
The authors of the material note that the possibility of such a bypass is a great achievement for the kingdom. Now many tankers have rushed to the Red Sea to provide the fuel supply the world needs.
The Financial Times newspaper reported on March 27 that the UAE government is calling on interested parties to create a multinational group to protect the Strait of Hormuz from Iranian aggression. The kingdom's government is ready to deploy its navy if necessary, which indicates a tougher stance towards Iran.
US President Donald Trump said during a cabinet meeting on March 26 that the Strait of Hormuz would be open to navigation after the US concluded a favorable deal with Iran. At the same time, he noted the continuing uncertainty about the safety of the route, pointing out the alleged possible risks of mining the water area.
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