Forced away from the Strait of Hormuz in the Persian Gulf, the Saudis turned to the Red Sea. Now they are relying on a less dangerous but more complicated detour via the Suez Canal.
Category: Saudi Arabia
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Under Threat, Saudi Arabia Reroutes Oil Exports Yet Again
The New York Times – Business: -
Gulf Oil Giants Push to Expand Overseas Stockpiles as Iran War Drags On
The New York Times – Business:Saudi Arabia and the United Arab Emirates are seeking larger oil reserves in Japan and South Korea as regional conflict threatens supply routes.
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Houthis Claim Strike on Saudi Vessel as Red Sea Violence Escalates
The New York Times – On the Runway:The armed group, based in Yemen and backed by Iran, said it had launched missiles near the vital maritime trade route, in a conflict that shows no sign of abating.
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Oil Giant Saudi Aramco Reports 33% Profit Surge, Despite Iran War Disruptions
The New York Times – Business:Higher oil prices propelled a quarterly earnings jump for Saudi Arabia’s energy giant, which used pipelines to work around disruptions in the Strait of Hormuz.
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Saudi Aramco Reports 33% Profit Surge Despite War’s Disruption
The New York Times – Business:Higher oil prices propelled a quarterly earnings jump for Saudi Arabia’s energy giant, which used pipelines to work around disruptions in the Strait of Hormuz.
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For Iran, Trump’s Reversal on Escalation Shows Who Has the Upper Hand
The New York Times – On the Runway:By expanding the arena of fighting in the region, experts say, Tehran sent a warning about the dangers of a widening war.
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New Round of Trump Threats and Pullbacks Raises Uncertainty in Mideast
The New York Times – On the Runway:Analysts and lawmakers are trying to divine whether Mr. Trump’s latest announcement means negotiations with Iran will truly get underway Monday or if the president is just working through unappealing options.
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Shipping Risks Rise Across Crucial Middle East Oil Routes
The New York Times – Business:Attacks on ships in the Strait of Hormuz and the Bab al-Mandab strait are disrupting the passage of oil tankers in the Persian Gulf and the Red Sea.
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Trump Pulled in at Least $2.2 Billion in 2025, Financial Disclosure Shows
The New York Times – Business:The release of a mandatory financial disclosure for 2025 shows that the Trump family’s holdings, particularly the president’s crypto businesses, were stunningly lucrative.
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Lesson Learned From Iran War: Reduce Reliance on Strait of Hormuz
The New York Times – Business:Increased stockpiles, more pipelines and other tactics could loosen the waterway’s stranglehold on the global economy.
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U.S. Oil Is Skipping the Chance to Grab Market Share From the Gulf
The New York Times – Business:U.S. oil production is expected to grow only modestly next year as companies hesitate to spend more in an uncertain market.