Saudi Aramco temporarily redirected some crude oil shipments to Yanbu Port on the Red Sea, according to official local media, in a move designed to enhance operational safety and ensure continuity of supplies to customers amid ongoing regional hostilities.
The adjustment provides an alternative route for clients who face difficulties accessing Gulf ports, the company said.
Aramco emphasized that it is closely monitoring developments and remains ready to revert operations to normal once conditions stabilize. The company reassured markets that it is actively evaluating the situation in real time to maintain uninterrupted oil flows for both domestic and international clients.
The geopolitical tension has also boosted investor sentiment toward Aramco. The company’s share price rose sharply since the outbreak of hostilities between the United States and Iran:
February 26: SAR 25.02 per share
March 1: SAR 25.80 (+3.1%) on the first trading day after the attacks
March 2–3: Rose to SAR 26.20 and SAR 26.70, supported by climbing global oil prices
March 4–5: Slight correction to SAR 26.22 and SAR 26.00
March 8: Surged to SAR 27.00, representing a 7.9% gain over two weeks
The rise reflects market concerns about supply disruptions and the direct impact of geopolitical risk on oil markets worldwide.
The decision to reroute shipments comes after a rapid escalation of military strikes in the region. Israel carried out preemptive attacks on Iranian sites, while the United States reportedly participated in coordinated strikes.
These actions followed an extended aerial campaign last June and renewed warnings from both countries regarding Iran’s nuclear and ballistic missile programs.
Official reports from Tehran confirmed the death of Supreme Leader Ayatollah Ali Khamenei, 86, amid the attacks, one of the most significant security events in Iran in decades.
The developments have introduced heightened uncertainty in both political and energy markets, prompting strategic shifts like Aramco’s Yanbu diversion to safeguard global oil supply chains.
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