Saudi Arabia has a workaround for the Hormuz crude-export standstill. It may not be enough.
Oil exports leaving from an alternative to Hormuz are inching toward 3 million barrels a day — but that’s less than half of Saudi exports before the war.
Oil exports leaving from an alternative to Hormuz are inching toward 3 million barrels a day — but that’s less than half of Saudi exports before the war.