Saudi Oil Exports Hit Standstill Amid Yemen’s Red Sea Blockade
Saudi oil exports have stopped, with none of the kingdom’s ships leaving the Red Sea since Yemen seized the Bab al-Mandab Strait days ago, maritime data, reports, and statements on 15 September confirmed.
The Arabian Business Gulf Insight (ABGI) reported Tuesday that “Saudi Arabia has paused Red Sea oil exports.” It cites maritime data from Vortexa.
“Saudi Arabia has not exported any oil via Red Sea ports since Saturday,” AGBI’s report added.
Vortexa’s senior market analyst Xavier Tang told AGBI that the “the situation could ultimately lead to the country becoming a temporary net importer of fuel products.”