Saudi-owned supertankers are once again starting to cluster off the coast of Egypt, after earlier signs this week that the backlog was clearing-up.
The number of supertankers anchored near the Egyptian port of Ain Sukhna – which sits at the southern end of a pipeline linking the Red Sea to the Mediterranean – grew to eight. At its peak, ten vessels were stationed off Egypt’s coast.
Six of the tankers, holding about 12 million barrels, are Saudi-owned and loaded at the kingdom’s Red Sea port in Yanbu. The earliest tanker to arrive in the group has been floating for 20 days now.
The other two Chinese-owned vessels, also carrying Saudi crude, have been waiting offshore for more than 50 days.
More ships are openly signaling their intention to traverse the Strait of Hormuz, pointing to growing confidence among shipowners and traders about sending vessels through the chokepoint as tensions ease.
Three Saudi-flagged supertankers with six million barrels of crude onboard sailed through the Strait of Hormuz hours after U.S. President Donald Trump signed a deal with Iran over an end to their war, ship tracking data showed on Thursday.
The European Union has sanctioned the shipping subsidiaries of Russian energy giants Gazprom and Lukoil, broadening its crackdown on Moscow’s oil transportation network and increasingly targeting companies linked to the country’s so-called shadow fleet.
June 15, 2026
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