Saudi Arabia restores oil shipments as Gulf shipping risks persist

  • Saudi Arabia rerouted and restored oil shipments.
  • Global oil demand is down about 4.4 million ba...
  • Damaged infrastructure and restricted Gulf shipping continue to pose risks.

Saudi Arabia has rerouted and restored oil shipments, reducing short-term concerns about supply. Risks remain because infrastructure has been damaged and shipping through the Gulf, particularly the Strait of Hormuz, is restricted. Global oil demand is down about 4.4 million ba...

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