Postaus

A bypass is only as useful as the route beyond it. Saudi Arabia's damaged pipeline remains offline, while the seizure of the Hanish Islands adds shipping risk near Bab-el-Mandeb. With Yanbu stocks covering only 5-7 days of exports, my read is that repair progress alone may be an incomplete signal of relief: restored flows would still need reliable onward passage. #SaudiOilPipelineDamaged