#SaudiCrude9YearLow

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About SaudiCrude9YearLow

Brent nears a six-week high after Sep 1 US strikes on Iran. Vortexa and Kpler put Saudi August crude exports near 3M bpd, the lowest since tracking began in early 2017. Hormuz is not the bottleneck: CNN says US forces escorted 40 merchant ships through on Sep 1, a wartime high. Pressure is on Saudi's Red Sea bypass amid Houthi attacks. Bessent linked living costs to Ukrainian strikes on Russian energy, leading Moscow to extend its diesel export ban through month-end. How tight is supply?