20/6/2025–|Last update: 20:25 (Mecca time)
With the escalation of confrontations between Israel And Iran, the largest oil -producing countries in the Persian Gulf, including Saudi Arabia, rushed to load exports, as a precautionary measure against future turmoil. These increases are carried out despite the high insurance costs, shipping prices and risks such as disturbing navigation systems.
Analysts believe that oil producers in these countries are preparing for the possibility of fighting to the oil export facilities that have survived so far or the possibility of disrupting shipping via Hormuz Strait Which is the most important sea corridor in the world.
The New York Times quoted Humayoun Facashhahi, head of the crude oil analysis department at Kepler Research Company, that the Gulf states want to ensure risk reduction, and this means exporting the largest possible amount of oil and as soon as possible.
Kepler estimated that Saudi oil exports increased by 16% until mid -June compared to the same period in May. She pointed out that other countries in the region like the Emirates And Iraq Its shipments have increased by about 10%.
She said that the goal seems to be the largest possible amount of oil as possible on tankers and send it outside the Persian Gulf and mostly to Asian countries such as China, which has increased the main agent of the oil -producing countries.
Although countries like Saudi Arabia and the UAE have improved their relations with Iran In recent years, the presence of oil on tankers provides protection if fighting reaches their vital industry.
Even Iran, despite its intensive targeting with Israeli air strikes, appears to have succeeded in achieving a small exports recently, according to the Kepler report. Due to the US sanctions on Iran, most of its exports go to China.
High oil
Brent crude prices, the international standard, increased by 10 % since June 13, when conflicts between Israel and Iran escalated. Prices decreased by more than 3 % today, Friday, to reach about $ 76 a barrel, after the American president said Donald Trump Yesterday, he will postpone his decision regarding intervention US In the war for two weeks.
Facchay said that the number of empty tankers in the Gulf is ready to receive new shipments has decreased sharply, perhaps indicating a future decrease in exports.
The head of the global maritime department at McClinan Company explained London Marcus Baker, that the war against the risk of war on ships working in the Gulf has risen by about 60% since the conflict began last week.
Shipping rates on large tankers from the Gulf to China also increased by about 50 %, according to the Kepler report.