Friday, June 26, 2026

The one big missing factor: Saudi Arabia reportedly has not used the Persian Gulf to ship anything

 Shipping rebounds in Strait of Hormuz one week after U.S.-Iran deal – but fragile confidence threatens recovery

 

... Aristidis Alafouzos, CEO of Okeanis Eco Tankers Corp, a crude oil shipping company headquartered in Greece, said he doesn’t expect Thursday’s attack on a ship in the Gulf of Oman to “significantly change” the trend of transits through the waterway.

“We’ve seen a large increase, especially on the crude oil passages, and I think this is set to continue and maybe this one-off event isn’t enough to really disrupt the recent events of the large exports of Kuwaiti and Emirati crude oil from the Gulf,” Alafouzos told CNBC’s “Squawk Box Europe” on Friday.

“The one big missing factor is the Saudis. For now, we haven’t seen them export almost anything from inside the Arabian Gulf and everything is coming from Yanbu in the Red Sea.” ...