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The Economic Times
The Economic Times

Saudi Arabia runs out of oil export routes as pipeline shuts, Hormuz blocked

Saudi Arabia is facing growing challenges in exporting its oil after attacks forced the closure of a key pipeline, while Iran and its allies have tightened their grip on the kingdom’s main maritime routes, the AFP reported.

The world’s largest oil exporter last week shut its East-West pipeline, a roughly 1,200-km link connecting oil fields in eastern Saudi Arabia with the Yanbu terminal on the Red Sea. The move followed attacks on Saudi oil facilities originating from Iraq, where pro-Iran armed groups are active.

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