Saudi Arabia’s crude oil exports rose about 3.3% in July from June to 4.125 million barrels per day, their highest level since March, data from the Joint Organizations Data Initiative (JODI) showed on Tuesday. Production increased to 8.135 million barrels per day from 7.122 million, while refinery crude throughput fell to 2.478 million barrels per day and direct crude-burning declined to 561,097 barrels per day. UBS analyst Giovanni Staunovo said crude and product exports increased as regional tensions moderated, but warned August shipments could be weaker, particularly from Red Sea terminals, amid renewed tensions involving the Houthis. Saudi Arabia resumed operations at its East-West Pipeline after drone attacks forced its closure on September 13, and exports could resume from the Red Sea port of Yanbu later on Tuesday. Separately, a senior Iranian official told Reuters that Iran could reopen the Strait of Hormuz within seven days if the United States eases military pressure and lifts its blockade on Iranian ports. Houthi fighters also pushed toward strategic heights in Yemen to cut off the Red Sea coast from areas held by Saudi-backed forces, following a report that US President Donald Trump had called off American strikes on the group at the last minute.