The Saudi Oil Pipeline the World Didn’t Know It Needed

2026-03-22 - 19:30

(Bloomberg) — Saudi Arabia had prepared and planned for the worst-case scenario for decades. So within hours of the first US and Israeli strikes on Iran which resulted in the effective closure of the crucial Strait of Hormuz waterway, the world’s biggest crude exporter rolled out a contingency plan — one that had waited 45 years to come to fruition — to keep its oil flowing. Read More