The Public Investment Fund, led by Yasir Al-Rumayyan, is utilizing pipeline infrastructure from Riyadh to ensure energy flows through the Hormuz Strait, protecting against the Iran blockade.
1 report, 1 independent
Updated Jun 18
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What happened
The Public Investment Fund, led by Yasir Al-Rumayyan, is utilizing pipeline infrastructure from Riyadh to ensure energy flows through the Hormuz Strait, protecting against the Iran blockade.
Who's involved
What this event is mainly aboutKeep exploring
The entities involved
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Public Investment Fund
sovereign wealth fund owned by Saudi Arabia
Nothing else this week.
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Hormuz
city in Hormozgan Province, Iran
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Europe
terrestrial continent located in north-western Eurasia
Related events
- Iran seeks to use Hormuz to control oil supply, while a canal proposal cuts through Saudi Arabia and Yemen, and Gulf states utilize the Red Sea pipeline.
- An Iran-backed militia in Iraq struck a pipeline that bypasses the closed Strait of Hormuz.
- Pakistan relies heavily on the Strait of Hormuz for oil imports, but IMF lending limits its ability to build strategic reserves.
- Houthi attacks have disrupted Saudi oil exports, forcing crude to be rerouted through the Red Sea terminal at Yanbu.
- Oil exports are being diverted and utilizing Fujairah port due to blockades in the Strait of Hormuz.