The armada of supertankers goes to Saudi Arabia: oil will be taken to The Red Sea

A whole armada of supertankers is heading to The Red Sea, where it will take 50 million barrels of oil. Saudi Arabia can pump part of the oil from Persian Gulf terminals in the Red Sea. However, this is not enough to compensate for the losses due to the shutdown of the Strait of Hormuz, experts say.

"A flotilla of at least 25 supertankers is heading to the Saudi port of Yanbu for The Red Sea after the war with Iran stopped shipping through the Strait of Hormuz," writes Bloomberg.

Supertankers (VLCC) can carry 2 million barrels each.

The agency estimates that the Iranian crisis has reduced oil production in the world by 6%.

Saudi Aramco CEO Amin Nasser said that the company is increasing the transfer of oil through an oil pipeline at the other end of the country and plans to reach full daily capacity of 7 million barrels within a few days.

"The real size of the going in The yanbu of the fleet may be higher, as tankers sometimes do not disclose their destinations for security reasons, especially during conflicts," the agency writes.

According to him, the United Arab Emirates is also working on the transfer of oil from The Persian Gulf in Omani — also via an oil pipeline. Shipment in Fujairah has already increased by 500 thousand barrels per day — up to 1.6 million barrels.

"Bypass oil pipelines give respite, but do not solve the problem. The decision of the International Energy Agency to send 400 million barrels of oil from strategic reserves gives even more time, but also does not solve the problem. Only the opening of the Strait of Hormuz solves the problem," said Bloomberg columnist Javier Blas in X.

In his opinion, Donald Trump has a few extra days to end the war before oil forces him to do it.

The expert estimated that the pre-war transit of oil through the Strait of Hormuz was approximately 15 million barrels per day. At the same time, oil pipelines in Saudi Arabia and the UAE, as well as the night passage of tankers through the Strait of Hormuz, will help preserve exports from The Persian Gulf is only 5.5 million barrels per day.

As EADaily reported, the battle for the price of oil has begun. Iran is trying to completely block the Strait of Hormuz so that not a single tanker passes. Western countries, meanwhile, are opening up strategic reserves to throw hundreds of millions of barrels of oil on the market, and the United States has allowed India to increase purchases of Russian oil. So far, it's a draw, as oil is trading at $ 91.

Tehran wants the price of raw materials to jump to $ 200 per barrel and the United States and its allies to feel the consequences. At the same time, experts say, with high overprices, the demand for raw materials will simply fall, as economies will not be able to withstand them.