SAUDI REROUTES OIL AS GULF STORAGE HITS LIMITS Saudi Arabia is diverting millions of barrels from the Persian Gulf to Red Sea ports to keep exports flowing amid the Iran war, which has filled regional storage. Five VLCCs have already shipped 10 million barrels from Yanbu this month—three times February’s pace. Other Gulf producers face mounting storage shortages if the Strait of Hormuz remains blocked. Tanker bottlenecks have forced Iraq to cut output, while Brent hits $80 a barrel amid global supply stress.(*Walter Bloomberg)