🛢️BREAKING: About 35% of the oil that normally transits the Strait of Hormuz is still reaching export markets, Bloomberg’s Javier Blas reports. Saudi Arabia’s move to ramp up exports in the Red Sea will cause that number to jump to ~ 63% “in the next couple of days.” 🔸Pre-war crude flows through the Strait of Hormuz averaged about 15 million barrels per day (b/d). Current estimates suggest about 5.5m b/d is still moving, according to energy analyst Javier Blas. 🔸Blas reports Saudi Arabia’s state oil giant Saudi Aramco is rapidly ramping up exports via its East–West pipeline to the Red Sea, which could lift total crude reaching markets to about 9.5m b/d within the “next couple of days.” 💢 Here’s the breakdown Blas shared on oil still transiting Hormuz: ➤ Iran: about 1.2m b/d still transiting the Strait of Hormuz (pre-war production levels) ➤ UAE: about 1.8m b/d exported via the Fujairah pipeline, bypassing the chokepoint ➤ Saudi Arabia: more than 2m b/d currently moving toward the Red Sea. Blas says Aramco expects the East–West pipeline to reach full capacity of about 7m b/d within days as tankers arrive to load crude outside Hormuz (roughly 6m b/d diverted from the strait). ➤ About 0.5m b/d estimated from tankers operating with AIS tracking turned off