Clouds of a Hormuz blockade loom as Saudi Arabia's oil revenue in March rises by 4.3% instead of declining, while Iran's increases by 37%.
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The threat of a blockade of the Strait of Hormuz continues to escalate, but the oil wealth of Middle Eastern oil-producing countries has already undergone drastic divergence.
According to Reuters, in March Saudi Arabia leveraged its geographic advantage with bypass pipelines to achieve a 4.3% increase in oil revenues;
