Key Points
- One-third decline in tanker traffic at Yanbu port
- Houthis' decision to close the Bab al-Mandeb strait to Saudi ships
- Aramco's three-stage operation to load crude oil onto ships
By the Numbers
one-thirdJuly 20
Tanker traffic at Yanbu, Saudi Arabia's main oil terminal on the Red Sea, has decreased by one-third since the Houthis announced on July 20 that they would close the Bab al-Mandeb strait to Saudi ships.
According to a report by Lloyd's List Intelligence, Saudi energy giant Aramco is using a three-stage operation to load crude oil onto ships, bypassing the blockade. Shuttle tankers carry crude oil from Yanbu to Egypt's Ain Sukhna port, and the SUMED pipeline then transports the oil to Egypt's Sidi Kerir port on the Mediterranean.
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Frequently Asked Questions
- What is the Houthis' embargo decision on Saudi ships?
- The Houthis' decision, announced on July 20, to close the Bab al-Mandeb strait to Saudi ships.
- How does Aramco's crude oil transport operation work?
- Aramco uses shuttle tankers to transport crude oil from Yanbu to Egypt's Ain Sukhna port, and then the SUMED pipeline transports the oil to Egypt's Sidi Kerir port on the Mediterranean.
- How does this situation affect Asian buyers?
- This route means longer travel times for Asian buyers.
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