U.S. Military Coordinates With Saudi Oil Tankers on Risky Hormuz Crossings

AI Summary

Saudi shipping company Bahri is coordinating with the U.S. military to move oil tankers through the risky Strait of Hormuz. Saudi Arabia is also increasing exports through Yanbu and seeking to boost shipments from the Persian Gulf.

Saudi Arabia’s shipping giant Bahri has been sending oil tankers through the Strait of Hormuz in coordination with the U.S. military, Khalid Alhammad, president of Bahri Ship Management, said on Tuesday. Saudi Arabia, while boosting loadings and exports out of its Red Sea port of Yanbu, is also looking to raise shipments from within the Persian Gulf through the Strait of Hormuz.   The Saudi firm is working at the government level with the United States to support Hormuz transits, Alhammad said at a Dubai event, as carried by Bloomberg.…