The Saudi economy can hold out through year’s end—even if oil exports drop to zero

First the Strait of Hormuz closed, so Saudi Arabia started sending more oil over land through its East-West Pipeline. Then drone strikes damaged the pipeline, and the Iran-backed Houthis fired missiles near the pipeline’s Red Sea terminus. Does Saudi Arabia need to plan for a near term without meaningful oil exports? The post The Saudi economy can hold out through year’s end—even if oil exports drop to zero appeared first on Atlantic Council.