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

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.

Bahri and many other shippers have no choice but to brave the Strait of Hormuz and attempt to move oil to customers, according to the executive. “We have to keep moving the energy,” Alhammad said.