About half of the crude oil that can’t pass the Straits of Hormuz is being offset by the Saudis’ east-west pipeline delivering 7 million barrels per day to Red Sea terminals.

Given that a decent percentage of the Straits capacity goes to China, this pipeline replaces about two thirds of the non-China global shortfall.

The Saudis will be making SO MUCH MONEY out of this.
https://fortune.com/2026/03/28/saudi-arabia-east-west-oil-pipeline-strait-hormuz-bypass-7-million-barrels-yanbu-red-sea/