A large number of oil tankers are heading to Saudi ports on the Red Sea to load crude oil, bypassing the Strait of Hormuz.

CryptocurrencySniper · 2026-03-16T16:02:42+00:00

Saudi Arabia is accelerating crude oil exports through Yanbu Port to bypass the Strait of Hormuz closure, with the number of tankers anchored at the port surging to 27 vessels. Saudi Arabia plans to export 5 million barrels per day through alternative pipelines, but the target has not yet been achieved.

CryptocurrencySniper

2026-03-16 16:02:42

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As the vital shipping route through the Strait of Hormuz effectively closes, Saudi Arabia is rushing to export crude oil via alternative routes. Currently, a large number of oil tankers are waiting at key ports in the Red Sea to load crude oil. Data shows that on Monday, at least 27 oil tankers were anchored near two crude oil export facilities at Yanbu. This number is higher than the 11 tankers recorded last Friday. Saudi Arabia is rapidly increasing its shipping capacity at Yanbu, which has become the only channel for the world’s largest oil exporter to deliver crude oil to customers worldwide. Since its construction in the 1980s, Riyadh has steadily expanded the capacity of this pipeline that bypasses the Strait of Hormuz. After the conflict erupted, Saudi oil exports began to reroute, with the country aiming to export up to 5 million barrels of crude oil daily through this alternative channel. How quickly Saudi Arabia can achieve this goal has become a key variable in the global oil market. Although the volume is gradually increasing, it remains well below this target.

(Source: Cailian Press)

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