This month, Saudi Arabia’s oil exports from its ports are expected to reach their highest level in nearly three years. Meanwhile, crude oil traders are closely monitoring tensions between the U.S. and Iran.Tanker tracking data shows that Saudi Arabia’s crude oil exports surged to 7.3 million barrels per day in the first 24 days of February, the highest level since April 2023. If this momentum continues for the remainder of the month, it would mean an increase of more than 400,000 barrels per day compared to January.Last June, Saudi Arabia briefly increased oil production when Israel and the United States bombed Iranian nuclear facilities and other sites. As Donald Trump considers launching another attack, the market is closely watching for any “unusual moves” by the Middle Eastern oil giant. The Saudi Ministry of Energy did not immediately respond to a request for comment.