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Saudi fuel exports to Europe rise above pre-war levels
Saudi Arabian jet fuel exports to Europe increased in June, surpassing pre-Gulf of Hormuz closure levels, reaching approximately 118,000 to 140,000 barrels per day via the Yanbu port on the Red Sea. This rise comes amid deteriorating navigation through the Strait of Hormuz due to tensions with Iran, strengthening the energy markets' ability to adapt to geopolitical disruptions and helping to meet Europe's growing demand for the aviation industry.
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