Saudi Arabia Bypasses Strait of Hormuz Crisis with East-West Oil Pipeline Surge

• Global oil flows severely disrupted by US-Israel-Iran conflict, curtailing tanker traffic through the Strait of Hormuz.
• Saudi Arabia activates its East-West Crude Oil Pipeline (Petroline) to bypass the strait, connecting eastern fields to Red Sea ports.
• Petroline's capacity surged to 7 million barrels/day, enabling 5 million bpd for export and 2 million bpd for domestic refining.
• Tanker traffic shifted to Yanbu, with 30 VLCCs rerouted, making it a critical export hub during the crisis.
• New security risks emerge for the pipeline and Red Sea routes, while crude prices soar to 2022 highs.