Ship-to-ship oil transfers in Gulf of Oman reach capacity as Saudi Arabia diverts exports from Red Sea
Ship-to-ship transfer operations in the Gulf of Oman have reached their operational limits after Saudi Arabia redirected crude oil exports away from the Red Sea through the Strait of Hormuz. The surge in Saudi exports, which have hit their highest levels since the Iran conflict began, is straining the existing transfer infrastructure used to move oil from inside the strait to tankers bound for international markets.