Saudi Arabia’s crude exports fell to 3.2 million barrels a day last month from roughly 7 million before the U.S.-Iran war, according to Kpler data cited by The New York Times. The decline reflects simultaneous disruption at the Strait of Hormuz and Bab al-Mandab Strait, the southern gateway to the Red Sea. Houthi attacks on Saudi Arabia on the 8th struck Khamis Mushait, Abha, Jizan and Najran, hitting Aramco installations and nearby petroleum infrastructure, wounding at least 73 people and halting some operations. Saudi airstrikes followed. Brent for November delivery settled at $101.21 a barrel on the 9th, up $3.29, or 3.36%, while West Texas Intermediate traded around $94. Middle Eastern exports have fallen from roughly 18 million barrels a day to about 11 million, according to market estimates. Goldman Sachs sees Brent above $120 if Gulf production remains 4 million barrels a day below pre-war levels, while Bank of America projects $95 to $120 if disruptions last through year-end and warns prices could reach $150 after major infrastructure damage. The market is also contending with weaker U.S. equities and a 59% CME FedWatch probability of a 25-basis-point September rate hike. Analysts cited in the report do not expect Saudi exports to normalize soon as both major alternative routes face military risk.