— Saudi crude output fell to 6.24 million barrels per day in August, its lowest level since 1990 , dropping about 1.9 million bpd from July , according to OPEC data. The decline came as disruptions around the Strait of #Hormuz and pressure on Red Sea shipping constrained Saudi export routes. Riyadh increasingly relied on the Yanbu terminal, but that route also came under pressure after Ansarallah announced a maritime embargo on Saudi Arabia.