Javier Blas: Oil tanker fleet arrives at Saudi Red Sea terminals as Strait of Hormuz stays closed

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Parshwa Turakhiya

15.03.2026

Javier Blas: Oil tanker fleet arrives at Saudi Red Sea terminals as Strait of Hormuz stays closed — Oil tankers shift to Saudi Red Sea

Oil tanker activity has increased significantly at Saudi terminals on the Red Sea, as highlighted by Javier Blas. According to Blas, while the Strait of Hormuz remains largely closed except for a few tankers, notably those from India, an armada of large oil tankers is converging on Saudi Arabia’s Red Sea ports. Blas referenced data tracking major tankers above 120,000 DWT as evidence of this shift.

This pattern reflects changes in tanker routes due to disruptions in the Strait of Hormuz, with significant implications for oil flows in the region.

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The current shift in tanker movements underscores the persistent volatility of global oil markets, a theme reflected during periods such as the historic 14.6 percent Brent crude surge following the Abqaiq attack. Similar dynamics have also emerged amid heightened demand for Russian floating storage during recent crises, demonstrating how geopolitical tensions continue to reshape trading routes and supply strategies across the energy sector.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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