No way out: Second commercial bottleneck threatened by war
B92 pre 20 dana
Attacks on commercial ships in the Middle East this month have effectively closed the crucial Strait of Hormuz for tankers, shaken the oil market, and forced producers to seek alternative routes to deliver fuel to customers around the world.
One of the few alternatives runs through the Red Sea. Saudi Aramco, the world’s largest oil producer, announced last week that it would divert millions of barrels of crude oil—normally loaded onto ships in the Persian Gulf and passing through the Strait of Hormuz—via pipelines to the western Saudi port of Yanbu on the Red Sea, CNN reports. Daily oil loadings at this port have already more than doubled this month compared to the daily average last year, according to
