The governor of the Bank of Saudi Arabia said that the east-west oil pipeline played a “huge role” during the disturbance of the situation in the Strait of Hormuz. He said that the pipeline currently transports about 5.8 million to 6 million barrels per day, which helps offset some of the impact of reduced supply on other transportation routes.

The governor of the Bank of Saudi Arabia said that the east-west oil pipeline played a “huge role” during the disturbance of the situation in the Strait of Hormuz. He said that the pipeline currently transports about 5.8 million to 6 million barrels per day, which helps offset some of the impact of reduced supply on other transportation routes.