TOH edition: Monday, 21 September 2026 · Economy & Energy
With a Pipeline Bombed and the Red Sea Closing, 60 Million Barrels Found Another Way Out of the Gulf — and Oil Prices Fell.
Reported by Reuters
Publisher date:
After attacks curtailed exports through the Red Sea port of Yanbu, Saudi Aramco has sold roughly 60 million barrels from Ras Tanura for loading by ship-to-ship transfer off Oman's Sohar, lifting Gulf exports back to 1-1.5 million barrels a day and sending global futures down more than a dollar on Friday.
The dominant coverage is of a war that could choke the world's oil. The same week, the physical system routed around the damage fast enough that Japanese refiners say their supply is secured into November — and the price fell.
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