Saudi crude shipments to China halve! Strait of Hormuz disruption continues to choke energy supplies; here's what's happening
Saudi Arabia is slashing oil shipments to China by nearly half next month due to escalating Middle East tensions. The Iran war has disrupted crucial Strait of Hormuz passage, forcing redirection through Yanbu. This alternative route cannot match previous volumes, impacting Asian refiners and creating instability in crude pricing benchmarks.
