When Iran shut down the Strait of Hormuz, Saudi Arabia quickly redirected its oil flows to the Red Sea. By April, Saudi Arabia was shipping over 4 million barrels daily from Yanbu, demonstrating the benefits of alternative routes for oil and oil products. From Yanbu, Saudi vessels now sail north instead of South to avoid the Houthi blockade, which the Yemeni group declared on Saudi vessels last week. All this suggests Saudi oil flows would shrink in the coming weeks unless the Yemeni Houthis lift their blockade, which appears unlikely at this point. The report noted U.S. Energy Secretary Chris Wright as saying that some 13 million barrels daily was coming out of the Persian Gulf.