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Source: عكس السير
164 Daysعكس السير
Source: عكس السير
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Saudi Arabia is experiencing significant benefits from rising oil prices and its record oil revenues, which reached $24.7 billion during the first month of the war in the Middle East. The country is also strengthening its strategy to transform the Red Sea into a major trade corridor for the region, especially amid the near-closure of the Strait of Hormuz. Saudi Arabia is working to expand its logistical role through projects like NEOM City and its port, while neighboring countries such as the UAE and Oman are actively developing alternative routes to boost their oil exports and secure supply chains. This comes amid expectations that negotiations between the United States and Iran may soon lead to the reopening of the Strait of Hormuz.
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