Saudi Arabia increases Red Sea oil exports after Hormuz Strait closure

Saudi Arabia is significantly increasing its oil exports through the Red Sea after the closure of the Strait of Hormuz, a major global shipping chokepoint. Shipping data shows Red Sea oil exports jumping to nearly 4 million barrels per day in March, a 21-fold surge, as the kingdom offers this alternative route to buyers. However, analysts question how long this Red Sea 'lifeline' can be sustained and whether it fully replaces the Hormuz route.