Saudi Arabia dominates Strait of Hormuz oil shipments
The article discusses the oil flows passing through the Strait of Hormuz over the past week, totaling 33.7 million barrels since Sunday. Saudi and Iraqi oil exports continue to rely on the strait. Data shows that vessel movement experienced a temporary decline, with the number of ships transiting yesterday (Thursday) dropping to nine from 14. Although the average number of ships over the past ten days was 18 per day, this is significantly lower than the approximately 125 ships per day prior to the escalation of tensions in the region. Additionally, Saudi Aramco's exports through the Strait of Hormuz increased after shipments from the Yanbu port were halted due to attacks on the East-West pipeline. The data indicates that oil exports are heading toward levels similar to the previous week despite current restrictions, amid ongoing logistical challenges and geopolitical pressures affecting freight movements.
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