Saudi Arabia is the only major exporter currently exposed to both of the region's contested chokepoints in the same quarter. Hormuz has been disrupted since the spring, which pushed volume west across the peninsula to the Red Sea. The Houthi blockade then put pressure on the western outlet. The kingdom's exports have nonetheless continued, and understanding how is more useful … [Read more...] about Two Chokepoints at Once: How Saudi Crude Is Still Reaching Market