Investing.com -- Saudi Arabia's oil exports are becoming increasingly dependent on the Suez Canal as attacks in the Red Sea threaten a key alternative to the blockaded Strait of Hormuz, the Wall Street Journal reported. Oil carried across Saudi Arabia through the East-West Pipeline can leave from Red Sea terminals without passing through the strait. At least four tankers carrying Saudi crude changed direction this week before reaching Bab al-Mandeb, according to ship-tracking data. Saudi shipments from Red Sea terminals have climbed to roughly 4.9 million barrels per day since the conflict began, compared with between 700,000 and 1 million barrels previously. Related articlesSaudi oil exports increasingly depend on Suez as Red Sea risks mountAustralia to challenge Trump's new 12.5% tariff, says PM AlbaneseJapan's 'Strong and Rich' strategy could drive bigger yen swings