Riyadh (HRNW)- Saudi Arabia’s state-owned oil giant Aramco has offered to supply crude oil to some Asian refineries through routes that avoid the Strait of Hormuz amid continuing tensions and disruptions to regional shipping.
According to Reuters, sources said Aramco is privately discussing the supply of Arab Medium and Arab Heavy crude to selected buyers through ship-to-ship transfers near the United Arab Emirates port of Fujairah. The shipments are expected to be loaded in September.
The move aims to ensure crude reaches Asian customers without passing through the Strait of Hormuz, where several shipping companies have avoided operating because of security concerns.
Aramco declined to comment. The company has already redirected some Arab Light exports to the Red Sea port of Yanbu and has also offered crude supplies through Egypt’s Mediterranean port of Sidi Kerir.
Disruptions in the Strait of Hormuz and the Red Sea have affected Aramco’s oil sales to key Asian markets, including India. Meanwhile, the UAE has continued exporting crude from the Gulf through alternative infrastructure that avoids the Strait of Hormuz.
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