Saudi Arabia — Page 48

Location · 1014 published stories · 201 outlets · All places

Gulf countries considering new oil export routes — FT

According to the Financial Times, Gulf countries are exploring alternative oil export routes—including pipelines, roads, and railways—to bypass the Strait of Hormuz amid ongoing conflict with Iran. The proposals, which could take years and require significant investment, are driven by recent disruptions and Iran's closure of the strait to certain vessels. The US-led IMEC project connecting India to the Mediterranean is among the options under discussion.

2 outlets · 2 articles Apr 2, 2026

S. Korea secures 50 mln barrels of alternative oil supplies for April: officials

South Korea has secured 50 million barrels of alternative crude for April and 60 million for May, replacing supplies blocked by the Strait of Hormuz closure. The government has raised its crisis alert, introduced an oil swap system, and is compensating importers for additional shipping costs. Middle Eastern nations, including Saudi Arabia and the UAE, are reportedly interested in using South Korea's storage facilities.

1 outlet · 8 articles Apr 2, 2026

Iranian ambassador to Russia outlines Iran’s demands to US, Israel

In an interview with TASS, Iran's Ambassador to Russia, Kazem Jalali, outlined Tehran's four conditions for lasting peace with the US and Israel, including a cessation of attacks, guarantees against future aggression, compensation, and respect for Iran's jurisdiction over the Strait of Hormuz. He also indicated Tehran's openness to Moscow as a mediator, while noting that the conflict persists despite Iran's stated desire to avoid expanding it.

1 outlet · 3 articles Apr 1, 2026