Oil Armada Heads to Red Sea as Saudis Divert From Hormuz

A flotilla of at least 25 supertankers is heading to Saudi Arabia’s Red Sea port of Yanbu as the kingdom races to get its oil to market after the Iran war halted shipping through the Strait of Hormuz.

The fleet would give the kingdom the capacity to ship 50 million barrels of oil from the port, based on ship-tracking data compiled by Bloomberg. Assuming they successfully load these cargoes, it would be a vital mitigation to the unprecedented disruption to energy supplies from the Persian Gulf.