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Saudi Aramco shifts crude exports to Yanbu port to bypass Strait of Hormuz risks amid regional conflict.
Saudi Aramco is rerouting some crude oil exports to Yanbu, a Red Sea port, to avoid the Strait of Hormuz amid escalating regional tensions and shipping disruptions.
The East-West Pipeline, capable of moving up to 5 million barrels per day, is being used to transport oil to Yanbu, though the port’s loading capacity is limited.
The move follows a drone attack that shut down Aramco’s Ras Tanura refinery and concerns over attacks by Iran-backed Houthi forces.
Global oil prices have risen, tanker rates have surged, and hundreds of ships remain stranded.
Saudi Arabia has assured Pakistan of continued oil supplies via Yanbu, and the UAE is using its Habshan-Fujairah Pipeline as an alternative route.
Saudi Aramco traslada las exportaciones de crudo al puerto de Yanbu para eludir los riesgos del Estrecho de Ormuz en medio de un conflicto regional.