The hourglass of Saudi oil has activated. 🔹An attack on the strategic east-west pipeline of Saudi Arabia has placed the country in serious crisis regarding its oil exports. 🔹According to Reuters, citing three knowledgeable sources, Saudi Arabia has only 5 to 7 days' worth of oil reserves for exports at the port of Yanbu on the Red Sea coast. The sources added that Riyadh has a smaller amount of oil stored in Egyptian ports as well. 🔹This situation arose after the east-west pipeline in Saudi Arabia was halted following drone attacks. 🔹This pipeline allowed the country to export part of its oil without passing through the Strait of Hormuz.
Translated regional report
The hourglass of Saudi oil has activated.
Automated translation and editorial curation by Middle East CatchSite publication
Original report: Fars News AgencyOriginal publication Editorial policy
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