Saudi Arabia's recent pipeline operations are indeed stable, with Red Sea transshipment + cross-country pipelines serving as double insurance, making it a textbook example of geopolitical risk hedging.

CryptoWorld News reports that Saudi Arabia's oil export revenue in March surged to $24.7 billion, reaching a new high in over three years. Thanks to the Red Sea transit capacity and rising oil prices, Saudi Arabia successfully offset the impact of the Strait of Hormuz closure. Data from the Saudi General Authority for Statistics show that Saudi crude oil and refined product exports increased by 37% year-on-year in March, the highest since October 2022. London benchmark oil prices soared 43% that month, as the near-closure of the strait severely damaged global supply and some Gulf economies. However, Saudi Arabia quickly activated nationwide oil pipelines, and by the end of March, production capacity had recovered to about 70% of pre-war levels. A report from Goldman Sachs at the end of April stated that Saudi weekly oil revenues were 10% higher than pre-war levels.