Iran Rattles Saudi’s Red Sea Oil Reset. Here’s What’s at Stake

Saudi Arabia’s plan to bypass a multi-million-barrel bottleneck already looks vulnerable. The Kingdom’s Red Sea port of Yanbu was the target of an Iranian attack on Thursday, briefly halting loadings of crude after a rapid ramp up in export capacity earlier this month. The strikes cast a cloud over an ambitious effort to divert millions more barrels per day from the besieged Persian Gulf to the Red Sea.