Financial Ports

Hormuz tanker strike sparks fresh oil route crisis: 2m bpd at risk

CLAVE 1 / 4A Kuwaiti VLCC was struck by an unknown projectile in the Strait of Hormuz, triggering a fire onboard.

CLAVE 2 / 4The attack on the Kazimah III extends a surge in vessel strikes, with 85 confirmed attacks in the region since late September.

CLAVE 3 / 4Saudi Arabia’s Yanbu port suspended loading operations after a projectile struck inside the facility, disrupting 2m barrels per day of crude exports.

CLAVE 4 / 4Pipeline flows through Saudi Arabia’s East-West Pipeline are building towards 3m-4m bpd, as Riyadh seeks to reduce reliance on Hormuz.

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