RIYADH: The recent escalation of tensions involving the US, Iran and Israel, coupled with prolonged disruption to Red Sea shipping, has accelerated a rethink of global trade routes and supply chain strategies. As businesses seek more resilient logistics networks, Saudi Arabia sees an opportunity to convert short-term geopolitical disruption into long-term economic gains through Vision […]
Saudi Arabia has rerouted its crude exports during the Purple Sea port of Yanbu after Hormuz disruptions. (Satellite tv for pc symbol of Bab-el-Mandeb Strait – supply Reuters) After the Strait of Hormuz disruptions, a contemporary danger to the sector’s oil provide has emerged with the Iran-backed Houthi motion in Yemen saying a maritime blockade […]
At a time when the near-total closure of the Strait of Hormuz and the escalating U.S.-Iran warfare have put world provide chains below complicated geopolitical pressure since past due February, a strategic land hall is rising from the center of the maritime blockade, promising to redraw the map of global shipping and industry. Between Riyadh […]
