Saudi Arabia and Iran are both accelerating oil exports, adding barrels to global markets at a time when the US is deploying military assets in the Middle East, creating uncertainty about future supply.
Saudi Arabia and Iran are both accelerating oil exports, adding barrels to global markets at a time when the US is deploying military assets in the Middle East, creating uncertainty about future supply.
Oil tankers around Iran’s Kharg Island oil terminal on Feb. 20, 2026. Tankers circled in bold were unmoved from Feb. 15. Tankers with a cross through have departed since Feb. 15.
Saudi Arabia is on course to ship the most oil from its ports in almost three years this month, bringing supply to the global market at a time when crude traders are monitoring US-Iran tensions.
Saudi Arabia is on course to ship the most oil from its ports in almost three years this month, bringing supply to the global market at a time when crude traders are monitoring US-Iran tensions.
Processing facilities in the Khurais oil field in Khurais, Saudi Arabia.