Saudi Arabia Maintains Oil Exports From Key Red Sea Port for Now

Saudi Arabia’s oil exports via the Red Sea are holding steady for now, as the impact of a drone attack on its vital cross-country pipeline has yet to filter through.

The strike on Wednesday — hours after a ceasefire was declared in the Iran war — damaged one of 11 pumping stations along the 746-mile (1,200-kilometer) conduit from oil fields in the east to the Red Sea coast in the west. That has reduced throughput by 700,000 barrels a day, the state-run Saudi Press Agency said Thursday, citing an energy ministry official.