Saudi Arabia Ramps Up Oil Exports Via Hormuz

• Saudi crude shipments hit 5.28 million barrels/day in September, the highest since the war began.
• Houthi attacks targeted Saudi Red Sea infrastructure, including a pipeline pumping station and the Jazan refinery, forcing a shift in export routes.
• Saudi Arabia is utilizing its own fleet and chartered vessels for exports through Hormuz and is repairing the Red Sea pipeline to resume flows, crucial for European diesel supply.

Saudi Arabia's crude exports reached a wartime high in September, primarily via the Strait of Hormuz, following Houthi attacks that disrupted its Red Sea pipeline. The kingdom is actively working to restore its Red Sea export capacity, which is vital for supplying crude and refined products to Europe amidst ongoing diesel shortages.