Saudi Arabia Is Ramping Up Oil Exports As Gulf Ports Restart

By Julian Lee and Priyanjana Bengani

Jun 26, 2026 (Bloomberg) –Saudi Arabia is boosting crude shipments, opening up its Persian Gulf ports that were shuttered by the Iran war while also increasing loadings at Red Sea outlets that it has used to bypass the Strait of Hormuz.

Two very large crude carriers that moored Thursday are now loading at single-point moorings that form part of the Ras Tanura port on the Persian Gulf, ship-tracking data compiled by Bloomberg show. They’re the first tankers to use the terminal since early March, when Riyadh was forced to divert crude to the Red Sea through a