The Saudi economy can hold out through year’s end—even if oil exports drop to zero
First the Strait of Hormuz closed, so Saudi Arabia started sending more oil over land through its East-West Pipeline. Then drone strikes damaged the pipeline, and the Iran-backed Houthis fired missiles near the pipeline’s Red Sea terminus. Does Saudi Arabia need to plan for a near term without meani

<p>First the Strait of Hormuz closed, so Saudi Arabia started sending more oil over land through its East-West Pipeline. Then drone strikes damaged the pipeline, and the Iran-backed Houthis fired missiles near the pipeline’s Red Sea terminus. Does Saudi Arabia need to plan for a near term without meani</p>