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Strait of Hormuz crisis Red Sea Risk Tankers and Gas

Iranian coast blockade to lift April’s Red Sea crude loadings to new highs

  • Saudi pipeline restored at the weekend following Iran attacks, minimising delays in exports from its west coast
  • ⁠Red Sea loadings peaked in March and likely to surge in April as the pipeline’s throughput climbs to full capacity
  • Most loadings are destined for Asia as Hormuz blockade chokes flows to the east

  • Analysis

Tanker rates could stay elevated with additional war risk premiums and reduced tanker availability with a US Gulf repositioning en masse

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    This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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