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Friday, October 23, 2026Updated 19:22 UTC

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Saudi Arabia wants to send 10 million barrels of oil a day around Hormuz. A former Treasury official says it may barely move prices

Source: Fortune · Oct 23, 2026 15:55 UTC

Aerial view of refinery storage tanks near Houston on the Gulf coast — File photo Carol M. Highsmith / Library of Congress · Public domain · Source

The Quick Take

Aramco CEO Amin Nasser says the East-West pipeline will grow by 3 million barrels a day, but the expansion will take two to three years, and the line has been hit by drones repeatedly this year.

Read the full story at Fortune

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