Iran Expands Oil Control Over Saudi Shipments via East-West Routes, Says Analyst
· World · Bloomberg, Al Jazeera
Stephen Schork, editor of The Schork Group, highlights Iran’s growing dominance over Middle East oil flows by controlling key routes on both the eastern and western flanks of Saudi Arabia. The analyst warns that the US strategic petroleum reserve will be depleted by November, reflecting rising geopolitical pressures on global oil supplies. Iran’s influence over shipping lanes—particularly through the Strait of Hormuz and the Red Sea—has intensified, allowing it to squeeze Saudi oil exports. This shift complicates global energy markets, as Iran leverages its control to counterbalance Saudi production. The timing aligns with broader tensions in the region, though Schork does not specify whether this is a deliberate strategy or a byproduct of existing conflicts.
Why it matters
Global oil consumers—including India, which imports nearly 85% of its crude—face higher volatility in prices and supply disruptions due to Iran’s expanded influence. The US strategic reserve drawdown signals potential shortages, while Saudi Arabia’s ability to counterbalance may be weakened, forcing buyers to seek alternative sources at higher costs.
Read the original report — Bloomberg
Join us on Telegram
Breaking news the moment it lands. At 10,000 members we ship the Android app.