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The Pipeline that Saves the Global Oil Market Has Reached Its Peak - and the Houthis Are Already Threatening It
Summary by Israel Hayom
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The Saudi pipeline carrying oil to the Red Sea port of Yanbu reached full capacity today and serves as the world's largest "bypass" route to the blocked Strait of Hormuz • The Houthis, who joined the war yesterday, threaten the critical Bab al-Mandab Strait and the port itself • The Emirates also have a bypass pipeline, but the port of Fujairah has been attacked at least seven times since the outbreak of the war
Saudi Arabia is operating its east-west oil pipeline that bypasses the Strait of Hormuz at full capacity, sending 7 million barrels of oil a day to the Red Sea port of Yanbu. The move is partly to offset the loss of a key export route from the Persian Gulf, Bloomberg reported.
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