JUST IN: 🇸🇦 Saudi Arabia is diverting millions of barrels of its crude oil to a port on its Red Sea coast.

Saudi is rerouting millions of barrels of crude from its eastern fields via the East-West pipeline to the Red Sea port of Yanbu. Reason: the Iran conflict has made the Strait of Hormuz too risky for tankers (shipping slowed near halt), while Gulf storage is filling fast. This lets them keep exports going without cutting output.