<\/p>\n
Saudi Arabia has launched an initiative to redirect shipping from ports in the Arabian Gulf to its Red Sea ports amid the ongoing US-Israel-Iran war.<\/p>\n
Transport Minister Saleh Al-Jasser, who also chairs the Saudi Ports Authority (Mawani), launched the Logistics Corridors Initiative alongside Zakat, Tax and Customs Authority Governor Suhail Abanmi, Mawani President Suliman Al-Mazroua, and other officials, the Saudi Press Agency reported.<\/p>\n
The initiative will establish dedicated operational corridors to receive containers and cargo redirected from ports in the Kingdom\u2019s Eastern Region and other Gulf Cooperation Council states to Jeddah Islamic Port and other Red Sea coast ports.<\/p>\n
Al-Jasser said the Kingdom was committed to ensuring supply-chain stability and the smooth flow of goods through global trade routes. Jeddah Islamic Port and other west coast ports, he added, were already playing a key role in accommodating shipments redirected from the east, while also linking Gulf cargo to regional and international markets.<\/p>\n
The initiative comes as shipping through the Strait of Hormuz has been severely disrupted by the widening conflict in the region. Iran has long threatened to close the strait \u2014 the world\u2019s most critical oil and gas chokepoint, through which roughly a fifth of global oil supplies pass \u2014 in the event of a war.<\/p>\n
Since the US and Israel struck Iran last month, Tehran has moved to restrict passage through the waterway, sending freight rates soaring and forcing shipping companies to seek alternative routes.<\/p>\n
Saudi Arabia\u2019s Red Sea ports offer a viable bypass, connecting Gulf cargo to global markets without passing through the strait.
Source: Arab News<\/p>\n
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