The situation in the region has been strained following a series of incidents involving Iran, the US, and UK, leading to transit through the Strait of Hormuz being considered unsafe. Several countries have already called for safety of navigation to be ensured through the vital oil shipping lane.
Saudi Arabia is planning to boost the output capacity by 40% of a pipeline belonging to state oil company Saudi Aramco that runs from the country’s east to the Red Sea coast in the west by 2021, Energy Minister Khalid al-Falih told Reuters. The move comes in response to the situation in the Strait of Hormuz, with Saudi Arabia aiming to reroute some of its oil exports from the waterway to the port of Yanbu on the shore of the Red Sea.

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