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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 disruptions in the Strait of Hormuz caused by regional conflict.
The move, prompted by drone attacks and military operations, aims to maintain export flows amid rising shipping risks and storage concerns.
The East-West Pipeline can transport up to 5 million barrels per day, though Yanbu’s loading capacity is limited.
Aramco has notified buyers to prepare for shipments from Yanbu, while global oil prices have risen and tanker rates surged.
Pakistan has requested and received assurances of continued oil supplies via Yanbu, and the UAE is also using alternative routes.
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.