Brief by Shorts91 Newsdesk / 01:58pm on 16 Mar 2026,Monday International
Saudi Arabia is offering some oil buyers an alternative export route as tensions affect shipping through the Strait of Hormuz. The kingdom has given long-term customers the option to receive April oil supplies from the Red Sea port of Yanbu instead of its usual Persian Gulf terminals. The move comes as the Strait of Hormuz faces disruption due to the ongoing conflict in the region. The strait handles a large share of global oil trade. By offering the Yanbu route, Saudi Arabia aims to keep supplies moving and reduce risks linked to the shipping crisis. (PC: India Today)
