Saudi Arabia is spearheading efforts to stabilize global oil markets following a major supply shock triggered by the Iran conflict and disruptions to navigation through the Strait of Hormuz.
According to Saudi energy officials, the Kingdom has activated alternative export routes, including its East–West pipeline, to ensure continued crude flows to international markets and prevent extreme price volatility.
Energy adviser Dr. Ibrahim Al-Mohanna described the Kingdom’s intervention as “very important,” noting that it has helped prevent what could have become a severe global energy crisis. He said Saudi Arabia and other Gulf producers have worked to balance supply and demand while maintaining price stability.
He explained that the East–West pipeline has played a critical role in bypassing the Strait of Hormuz, enabling sustained exports despite heightened regional tensions.
Experts warn that the conflict has significantly increased volatility in global oil markets, with concerns that damage to energy infrastructure and prolonged disruptions could have long-term effects on global supply chains and pricing.
Al-Mohanna further cautioned that even if the conflict ends and maritime routes reopen, the energy sector could take years to fully recover, depending on the extent of damage to production and export facilities.