Most Saudi oil normally passes through the straight of Hormuz but they built a big pipeline to reroute a lot of their oil to the ~~Persian gulf~~ Red Sea.. It’s supposed to be able to handle the bulk of their product if their Persian gulf ports can handle that traffic. …but that leaves all the oil from 3 major producers stranded and off the market entirely. Iraq, Kuwait and UAE combine for more oil production than Saudi Arabia and their route to market is ‘closed’.
That straight being closed will lead to higher prices until they blow up all the places launching drones and missiles at ships. The blockade won’t last too long, they’ll bomb everything within 25 km of shore if they need to so the oil flows.
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Most Saudi oil normally passes through the straight of Hormuz but they built a big pipeline to reroute a lot of their oil to the ~~Persian gulf~~ Red Sea.. It’s supposed to be able to handle the bulk of their product if their Persian gulf ports can handle that traffic. …but that leaves all the oil from 3 major producers stranded and off the market entirely. Iraq, Kuwait and UAE combine for more oil production than Saudi Arabia and their route to market is ‘closed’.
That straight being closed will lead to higher prices until they blow up all the places launching drones and missiles at ships. The blockade won’t last too long, they’ll bomb everything within 25 km of shore if they need to so the oil flows.
* edit, Red sea not Persian gulf