Saudi Arabia Offers Alternative Oil Route Amid Hormuz Disruptions; Shipments to India Continue
Amid ongoing disruptions in the Strait of Hormuz, Saudi Arabia has begun offering an alternative oil export route via its Red Sea infrastructure, with shipments continuing to reach key buyers including India, according to industry reports and officials. The move comes as maritime traffic through the strategic strait—through which roughly 20% of global oil supplies typically pass—has been significantly affected by the ongoing regional conflict. Alternative route via Red SeaSaudi Arabia has long-term buyers the option to receive crude shipments through the Red Sea port of Yanbu, bypassing the Strait…
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