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News 2026-10-12 12:35 UTC

Saudi plans to expand oil export routes to cut Hormuz reliance

The urgency is growing as wars in the Middle East and Ukraine strain global oil supplies. Saudi Arabia plans to expand its oil pipeline network to cut its reliance on the Strait of Hormuz. Energy Minister Prince Abdulaziz bin Salman said today that a gas pipeline is being converted to carry crude as well and could move