Saudi Arabia is ramping up oil exports amid the Strait of Hormuz closure: Crude oil shipments from Yanbu, a port on Saudi Arabia's Red Sea coast, are up to 4.19 million barrels per day. This marks a +185% increase from the ~1.47 million barrels per day that moved through the port in February, before the Iran War. The surge is being powered by a 746-mile pipeline rerouting crude from the eastern oil fields to Yanbu, bypassing the blocked Strait of Hormuz entirely. Shipments have also more than doubled since January’s 1.29 million barrels per day. As a result, Saudi Arabia has already recovered more than half of its pre-war export capacity of ~7 million barrels per day. Furthermore, at least 32 large oil tankers are waiting near Yanbu to load, with more still heading to the port. Saudi Arabia is aggressively looking to bypass the Strait of Hormuz.