Conflict & Security
Saudi oil exports via Yanbu port surge amid Houthi threat
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Saudi oil exports via Yanbu port surge amid Houthi threat
Saudi oil exports through the Red Sea port of Yanbu have neared record levels as regional tensions escalate.
- Saudi Aramco has increased reliance on the Yanbu terminal since the Iran war closed the Strait of Hormuz, according to Reuters.
- Oil shipments from Yanbu reached 4.7 million barrels per day by July 13, up from 3.36 million on July 10, shipping data shows.
- A shipping sector source said Yanbu has reached maximum capacity and warned Houthis may open another front.
- Houthis have launched missiles toward Saudi Arabia after accusing Riyadh of bombing an airport under their control.
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