Saudi Arabia has fully operationalized its East-West pipeline, moving 7 million barrels of oil daily to the Red Sea port of Yanbu. This crucial alternative route aims to maintain export supplies following disruptions to the Strait of Hormuz. While not fully replacing Hormuz volumes, the pipeline's operation is mitigating significant price increases amid escalating regional tensions.from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/VOz0AXc
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