Saudi Aramco launches major reshuffle of export routes, Yanbu Port becomes a key hub for Middle East oil breakthrough.

According to reports, Saudi Aramco is exploring a plan to shift more cargo to the port of Yanbu on the Red Sea. The port is located outside the Persian Gulf, and dozens of ships are currently stranded in the Gulf due to the fact that the strait of Hormuz is effectively closed. Saudi Aramco typically exports most of its crude oil from ports within the Gulf, but last weekend's attacks led to the closure of the strait of Hormuz, causing a congestion of ships. The world's largest oil exporter owns a transnational pipeline with a daily capacity of 5 million barrels, which transports oil from eastern fields to the Red Sea in the west. According to sources, Saudi Aramco has inquired with some Asian customers about extracting oil from Yanbu on the coast of the Red Sea in Saudi Arabia. One person mentioned that the company is also seeking advice from shipping companies to see if they would consider changing their loading points from the Persian Gulf to Yanbu. As the conflict in the Middle East escalates, Saudi Aramco is facing challenges. Previously, due to drone attacks, the company was forced to shut down the largest refinery in Ras Tanura in the Persian Gulf. The halt in maritime traffic has also raised concerns about oil tanks in the region being fully stocked, ultimately leading to production cuts.