Saudi Arabia Scrambles to Avoid Red Sea Attacks. Oil Flows Through Egypt Soar.

Source: International Business Times

Oil exports from Egypt's Mediterranean port of Sidi Kerir have more than doubled in August, reaching about 2. 3 million barrels per day compared with roughly 1 million bpd in July. HAIDAR MOHAMMED ALI/AFP via Getty Images Saudi Arabia is dramatically increasing oil exports through Egypt and the Mediterranean as escalating security threats in the Red Sea force the kingdom to rethink how it moves crude to global markets.