Showing posts with label Red Sea. Show all posts
Showing posts with label Red Sea. Show all posts

Wednesday, August 12, 2026

Saudis ramp up oil exports using Sumed pipeline to the Mediterranean, Sidi Kerir Egypt now exporting 2.3 mbpd in August, more than double the July level

Most of this oil is now going to Europe and the U.S. instead of Asia because of the extra time and shipping cost for going around Africa.

The UAE is now in the catbird seat for shipping oil to Asia, at least until Iran decides to attack Fujairah.

 

Saudi Arabia ramps up oil exports through Mediterranean pipeline to avoid attacks in Red Sea  

 ... Oil exports from Egypt’s Mediterranean port of Sidi Kerir have more than doubled to about 2.3 million barrels per day in August compared to around 1 million bpd last month, according to data provided by the trade intelligence firm Kpler. The majority of those exports are Saudi crude, said Matt Smith, director of commodity research at Kpler. ...

Saudi exports from Yanbu through the Bab el-Mandeb Strait were down nearly 90% to 1.3 million barrels during the week of Aug. 3, compared with 11 million barrels for the week of July 20 when the Houthis declared the embargo, according to Kpler data. ...

 


 

Friday, August 7, 2026

Middle East outbound oil flows through both Straits are back down in the range of 6 million barrels per day if Bab-el-Mandeb is now indeed a return to the pre-war level

 It appears that there is nothing extra coming out of the Red Sea anymore, diverted by Saudi Arabia west to Yanbu.

UAE moved 0.95 mbpd through Hormuz in July 2026, but 2.28 mbpd out of Fujairah which doesn't go through Hormuz, which would be in addition to the now ~6 million through Hormuz, yielding 8.28 mbpd approximately, as we speak.

That's 62% off the pre-war level of ~22 mbpd out of the Middle East.

Trump not vanquishing the Houthis in 2025 is America's chickens comin' home to roost.

 




Sunday, August 2, 2026

Suez Canal Transits 2Q2026 vs. 2Q2023 are still down almost 48% for vessels and 60% for tonnage because of the Houthi threat in the Red Sea


 

2Q2026

Number of vessels 3580 (down 47.8%)
Net Ton 163,899,000 (down 59.7%)
 
Number of Tankers 1526 (down 31.7%)
Net Ton 77,558,000 (down 27.9%)
Tankers per day 16.8 
 
2Q2023
 
Number of vessels 6856
Net Ton 407,119,000 
 
Number of Tankers 2235
Net Ton 107,592,000
Tankers per day 24.6 
 

Thursday, July 23, 2026

Middle East tanker transits July 16-22, 2026: Strait of Hormuz 2.0/day, Bab-el-Mandeb Strait 14.6/day

BAM transits fell in JMIC Update 075 to 10.0/day since the Houthi Rebels announced on July 20 a blockade of Saudi shipping through the chokepoint. SE traffic fell to 4.0/day.

A product tanker is at anchor in the Red Sea off the coast of Saudi Arabia after it was attacked by the Houthis on July 22.

Professional observers report some tankers abandoning their runs SE and turning back NW while Chinese VLCCs apparently are being green-lighted through despite loading with Saudi oil at Yanbu. 

VLCCs fully laden cannot transit the Suez Canal due to size constraints and must partially off-load before transiting and then re-load on the Mediterranean side of the canal.

 



Wednesday, July 22, 2026

Middle East tanker transits July 14-20, 2026: Strait of Hormuz 3.4/day, Bab-el-Mandeb Strait 17.3/day

 From JMIC Update 074:

... According to regional reporting, Iran has instructed the Houthis to stand ready to close the Red Sea oil route should the United States strike Iranian power infrastructure. Sources close to the group stated that the Houthis have completed preparations to attack shipping, including the deployment of missiles and drones positioned near Bab el-Mandeb. ...


Friday, June 5, 2026

The increase in Saudi oil exports through the Bab-el-Mandeb Strait in April 2026 came to about 3.3 million barrels per day according to Kpler

  Iran’s threats against this Red Sea choke point are a big vulnerability for the oil market

 ... Oil and product exports through the Bab el-Mandeb nearly doubled to 7.2 million barrels per day in April compared with 3.9 million bpd in February before the U.S. and Israel attacked Iran, according to data provided by Kpler. 

The interactive chart by Kpler in the story is a shipwreck.

The data is in millions of barrels per day passing through, as explained in the story. Unfortunately you don't see "million" anywhere in the chart. 

What you see is 5.2B, 7.7B, 2.9B, etc., which could easily be misinterpreted as either "barrels" or "billion".

The proper designation should be MMb/d or perhaps MMB/D in the chart, but maybe just leave that out entirely next time because it's already too busy and just put "million" in the subtitle before "barrels" and leave it 5.2, 7.7, 2.9, etc. in the chart.

 


 

Monday, June 1, 2026

Oh yeah, Iran wants to make a deal so badly it now threatens to shut down the Red Sea on top of the Persian Gulf

U.S. intercepts Iran missiles targeting American forces in Kuwait: CENTCOM 

Treasury yields rise after Iran reportedly stops communication with U.S.  

 U.S. oil jumps more than 7% on report Iran will halt talks with U.S. and completely block Hormuz

U.S. oil prices jumped nearly 8% Monday, after Iranian state media said Tehran will halt talks with the U.S. and completely close the Strait of Hormuz in response to Israeli attacks in Lebanon. ...

Tehran will completely block the Strait of Hormuz and open other fronts including the Bab el-Mandeb Strait, Tasnim reported. The Bab el-Mandeb Strait is a trade chokepoint that connects the Red Sea to the Gulf of Aden. ... 

Saturday, May 30, 2026

Meanwhile CNBC has an excellent story with great interactive graphs of vessel transits through the Strait of Hormuz and the Bab-el-Mandeb Strait before and after the Houthi and Iran conflicts

 And it's quite clear that the Iran war has had no real effect on the number of vessel transits through the Bab-el-Mandeb while destroying transits through the Strait of Hormuz.

Increased Saudi reliance on Yanbu on the Red Sea might change BAM transits in the future, but to what extent transits through SoH might recover is very difficult to say.

BAM transits never recovered from the Houthi threat, and SoH transits may not from the Iran threat, with serious implications not just for oil but for important bulk materials like fertilizer and helium.

SoH transits:

Feb 24 2026: 107.29
Apr 18 2026:   12.57
May 24 2026:    6.00
 
BAM transits:
 
May 24 2023: 82.86
Feb 26 2026:  40.14
May 24 2026: 38.14 

 

Oil exports through the Strait of Hormuz might not return to levels seen before the Iran war

... Daily traffic through the Bab el-Mandeb Strait, which connects the Red Sea to the Gulf of Aden, collapsed by more than half from 75 ships on Nov. 19, 2023 to 31 vessels by January 30, 2024. More than two years later, traffic through the strait still has not returned to the levels once considered normal. ...







Tuesday, May 26, 2026

Middle East tanker transits May 19-25, 2026: Strait of Hormuz 2.4/day, Bab-el-Mandeb Strait 16.4/day

 The table shown below is from JMIC Update 50.

The previous update was JMIC Update 48, the table in which in comparison with the one in 47 looked hopelessly screwed up, so I guess they just skipped an Update 49 and started fresh on May 19 lol.

There is no overlap in the table in 50 with the previous table, which has been the customary procedure from update to update. 

BAM NW averages 8.7/day, BAM SE 7.7/day.

Keep in mind NW tankers which transit north to fill at Yanbu, then leave and transit south again can thus become SE transits in addition to NW transits in the totals. Most of these tankers are making this round trip, and most of them are 2-million barrel capacity very large crude carriers which sail in empty and sail out again full. 

SoH E transits average just 1.6/day.

 



Friday, May 22, 2026

Robert Kagan: Trump seems to hope to slip away without Americans noticing the magnitude of this defeat

Which is exactly what Trump did a year ago in the Red Sea.
Beyond the near term endgame Kagan describes, and the isolation of Israel in particular, Trump's cowardice, weakness, and incompetence will have the unintended consequence of reinvigorating the climate and green energy madness which has already weakened the West. 
From the story here
... In a phone call with Israeli Prime Minister Benjamin Netanyahu yesterday, Trump reportedly explained that the United States was negotiating a “letter of intent” with Iran that would “formally end the war and launch a 30-day period of negotiations” on Iran’s nuclear program and the reopening of the Strait of Hormuz. The purpose and effect of such an agreement should be clear: The United States is walking away from the crisis.
... Trump has blinked many times in the confrontation with Iran—ever since March 18, when Israel attacked the Pars gas field and Iran retaliated with a strike against Qatar’s most important natural-gas-production facility. Trump then called for a halt on U.S. and Israeli targeting of Iran’s energy infrastructure, and the war effectively ended. 
... [Iran's] terms for a settlement are those of a victor: They demand war reparations, no limits on uranium enrichment, recognized control of the strait, and an end to sanctions. For Trump to respond to this defiance by now calling for another 30 days of cease-fire and talks is a tacit admission of defeat.
... with 30 more days to heal, rearm, and fill its coffers with tolls, Iran will be a more formidable adversary. In 30 days, moreover, the new Iranian strait regime may already be firmly in place. As the Institute for the Study of War reports, Iran has been using the cease-fire period [since April 7] to “normalize” its control over the strait by “compelling oil-importing countries” to establish transit agreements with Tehran and charging fees on vessels from nations without such deals.
... Now that Trump has made clear he has no intention of fighting to reopen the strait, the stampede to get good terms with Tehran will begin. 
... By the end of 30 days, most of the world will have a stake in the new arrangement and will oppose any resumption of hostilities, even in the unlikely event that Trump wanted to go back to war. Trump no doubt hopes that he can slip away without Americans noticing the magnitude of this defeat.
... The president may also hope that he can change the subject by launching another military operation, this time against the government in Cuba. ...

Thursday, May 21, 2026

Middle East tanker transits per UKMTO JMIC Update 47 May 12-18, 2026: Strait of Hormuz 2.00/day, Bab-el-Mandeb Strait 15.42/day

The tanker table for JMIC Update 48 is a mess. It has the wrong dates, and five days of data are identical to the data in Update 47.

There was also a duplicate JMIC 46 update a few days ago, just minutes apart.

It is what it is.

From JMIC 47

From JMIC 48 (the dates should be 14 May-20 May like the Cargo Vessels table, but somehow the exact same data for May 12-16 from Update 47 reappears!)


 



Thursday, May 14, 2026

From JMIC Update 45: Bab-el-Mandeb Strait tanker transits average 13.42/day May 7-13, 2026

 Strait of Hormuz 1.57/day.

BAM tanker transits aren't even up to 2022's average of 30/day. The crisis of the oil trade is not being significantly ameliorated by Red Sea operations.

 

Estimates continue to put 5 million barrels per day leaving Yanbu, much of it heading to buyers in east Asia.

Fujairah in the UAE exports shy of 2 million barrels per day, also to the east. 

Iran's exports in April are said to be shy of 1 million barrels per day.

Kuwait exported nothing.

Iraq exported maybe 0.131 million barrels per day.

So 8.1 million barrels per day in April?

21.0 million barrels per day left the region in 2022. 

 

Update 5/18/26:

IEA estimates 8 mb/day bypassing Strait of Hormuz, flows still far below pre-war levels.


 

Sunday, May 10, 2026

IMF: Transits through the Bab-el-Mandeb Strait remain half of what they were prior to the Hamas attack on Israel in 2023 and have not come close to replacing lost Persian Gulf shipping

 ... In the Red Sea, attacks on shipping that began in 2023 forced many vessels to reroute around Africa rather than use the Suez Canal. More than two years on, transits through the Bab el-Mandeb strait between Yemen and Djibouti remain stuck at roughly half their pre-attack level. ...

More.

 

Wednesday, May 6, 2026

Current Bab-al-Mandeb tanker traffic at the end of April 2026 appears consistent with 1Q2026 Suez Canal tanker traffic, nothing more

 Suez Canal Tanker Traffic 1Q26 v 1Q22
 
SOUTH
Tankers per day +1.6 to 7.5
Tonnage per ship +16.7% 
NORTH
Tankers per day +0.3 to 7.9
Tonnage per ship +18.9% 
 
Bab-el-Mandeb Strait Tanker Traffic 4/28-5/4/2026

SOUTH
7.42/day
NORTH
8.14/day 

Sunday, May 3, 2026

Christopher Caldwell for The New York Times thinks the American Empire has met its match in the Persian Gulf when it already met it a year ago in the Red Sea

... the United States lacks the military means to impose its will on Iran in a long conflict. In 1991 a million soldiers from more than 40 countries were needed to reverse the invasion of Kuwait carried out by Saddam Hussein’s Iraq, a country less sophisticated than Iran and a fraction of its size. When Iran and Iraq fought each other to a standstill in the 1980s, deaths ran into the hundreds of thousands on each side. The United States would have to send a significant portion of its armed forces — which total only 1.3 million troops — to stand a chance of subduing Iran, and that force, if successful, would have to stay for a long time. ...

Here.

Caldwell is just as blind as Trump.

Neither one gets it that the lowly Houthis already beat us to a draw last year in the Red Sea.

Nothing is moving out of the Persian Gulf today, and tanker traffic through the Red Sea is less than half what it used to be in 2022, even under the new conditions of a world desperately thirsty for the Middle East oil no longer coming out of the former.

And neither one gets it that you can't have an American Empire without paying for it. 

We're $39 trillion in debt and can no longer impose our will in the world's vital choke-points because elites have pretended since Reagan that low marginal income tax rates are sufficient to maintain American Empire when what those rates have done is impoverish us and enrich our adversaries.

1,135 billionaires are the symbol of our lost empire. 

Caldwell steers well clear of naming the obvious remedy, and Trump's Big Ugly Bill will  do nothing but put America $62 trillion in debt by the end of 2032.

Taxes must be raised . . . a lot.

Tuesday, April 21, 2026

JMIC Update 035 for the Middle East maritime region is confusing

 The data boxes cover April 14-20 but are entitled April 12-18.

And what is "2BAM Total" lol? Only The Sweet know for sure.

Anyway tankers exiting the Strait of Hormuz E now average 3/day April 19-20 vs. 2/day in the previous five day period. Big whoop.

Tanker traffic in and out of the Red Sea through the Bab-el-Mandeb averages 20/day April 19-20 vs. 8.2/day in the previous five day period.

Is that reflecting a mad dash before the ceasefire ends tomorrow?