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OIL EXPORTS

Saudi port of Yanbu stops oil loadings, two sources say


This handout satellite image taken by 2026 Planet Labs PBC shows the oil infrastructure at Saudi Arabia's western Red Sea port of Yanbu on March 4, 2026. (Credit: 2026 Planet Labs PBC/AFP)

The Saudi port of Yanbu, one of two major remaining export routes for Gulf Arab oil after Iran effectively shut the Strait of Hormuz, has stopped oil loadings, two sources told Reuters on Thursday, after the Saudi defense ministry said it intercepted a ballistic missile over the city.

The ministry said earlier that a drone crashed at the SAMREF refinery, with damage assessment underway.

The Saudi port of Yanbu, one of two major remaining export routes for Gulf Arab oil after Iran effectively shut the Strait of Hormuz, has stopped oil loadings, two sources told Reuters on Thursday, after the Saudi defense ministry said it intercepted a ballistic missile over the city.

The ministry said earlier that a drone crashed at the SAMREF refinery, with damage assessment underway.