Saudi Arabia’s race to bypass the Strait of Hormuz has led to a buildup of oil supertankers waiting off the kingdom’s Red Sea coast to collect cargoes, as Riyadh tries to overcome unprecedented disruption caused by the Iran war.
Saudi Arabia’s race to bypass the Strait of Hormuz has led to a buildup of oil supertankers waiting off the kingdom’s Red Sea coast to collect cargoes, as Riyadh tries to overcome unprecedented disruption caused by the Iran war.
At least 50 supertankers are heading the Saudi Red Sea port of Yanbu on March 13, 2026.
OPEC’s crude oil production climbed last month as group leader Saudi Arabia bolstered production amid rising regional tensions, a Bloomberg survey showed.
OPEC’s crude oil production climbed last month as group leader Saudi Arabia bolstered production amid rising regional tensions, a Bloomberg survey showed.
An employee walks past oil transport pipes on the quayside of the Arabian Sea at Saudi Aramco's Ras Tanura oil refinery and terminal in Ras Tanura, Saudi Arabia, on Monday, Oct. 1, 2018. Saudi Aramco aims to become a global refiner and chemical maker, seeking to profit from parts of the oil industry where demand is growing the fastest while also underpinning the kingdom’s economic diversification.
Commercial maritime traffic through the Strait of Hormuz remains effectively at a standstill with no confirmed transits in either direction over the past 24 hours, according to vessel-tracking data compiled by Bloomberg.
Commercial maritime traffic through the Strait of Hormuz remains effectively at a standstill with no confirmed transits in either direction over the past 24 hours, according to vessel-tracking data compiled by Bloomberg.
TOPSHOT - Commercial vessels are pictured offshore in Dubai on March 11, 2026. New attacks hit three commercial ships in the Gulf on March 11, with one of the vessels in flames as Iran pressed its campaign against its oil-exporting neighbours, threatening shipping in the Strait of Hormuz and plunging the global energy economy into crisis. (Photo by AFP via Getty Images) / Attention editors: AFP covers the war in the Middle East through its extensive regional network, including bureaus in Tehran, Jerusalem and several neighboring countries.Since the start of the conflict, journalists have been working under increasingly restrictive conditions. Authorities in several countries have limited reporters' movements, photo and live video coverage from sensitive locations. Some governments and armed groups have banned images of missile or drone strikes and other security-related sites. /
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