Originally Posted by
Biggus
Given the geography of the region, with Iran always having the capability to close the Straits of Hormuz at will, perhaps the market needs to/will have a rethink
The Saudis built the East - West pipeline specifically to cover risk of the SoH closing. It has a plate capacity of 7million bbl however, the load capacity is, as I understand it, lim about 5 million. Iran attacked and damaged the pipeline but I now understand it has been repaired.