Saudi Arabia

F1 calls off April races in Bahrain and Saudi Arabia

Formula 2, Formula 3 and the all-female F1 Academy rounds are also cancelled

The company has been rerouting some of its crude cargoes to the Red Sea port of Yanbu.

Saudi Aramco reducing output at two oilfields: sources

The specific fields affected and the extent of curtailed production are not immediately clear

Sunni Arab states in the Gulf have long had tense relations with Iran, a Shia-majority country.

Saudi Arabia has intensified direct line to Iran to defuse war

Several European and Middle Eastern nations are backing these efforts, according to Saudi officials

The conflict has effectively left Straits of Hormuz closed to commercial shipping, choking off a swath of oil, fuel and gas supply and jeopardising output in the energy-rich region if the situation persists.

Saudi Arabia races to reroute oil as Gulf storage fills up fast

With Hormuz effectively blocked, storage tanks are filling up at refineries and oil fields across the Persian Gulf

Saudi Aramco has asked some customers in Asia if they are able to lift oil cargoes from the city of Yanbu in Saudi Arabia’s Red Sea coast, sources say.

Aramco explores plan to export oil via Red Sea to avoid Hormuz

It typically exports its crude oil from ports within the Persian Gulf, but Sunday’s strike near the strait has led to a log jam of vessels

Above: A street near the Diplomatic Quarter in Riyadh. Soon after the first confirmed incidents in the area, residents reported hearing loud bangs in the capital, suggesting more activity.

US embassy in Riyadh under attack as Iran steps up Saudi strikes

The attack has resulted in ‘limited fire and minor material damage to the building’, says Saudi Arabia’s Ministry of Defense

State oil giant Saudi Aramco’s 550,000 barrels per day (bpd) Ras Tanura refinery was shut as a precautionary measure.

Major Saudi refinery shut amid Mideast strikes

The situation at Aramco’s Ras Tanura refinery is under control

Saudi Arabia officials expect the fiscal deficit for this year to decrease to 3.3% of GDP.

Saudi Arabia Budget deficit hits record 94.9 billion riyals in Q4, largest in 5 years

The total shortfall for 2025 is 276.6 billion riyals, roughly 5.5% of GDP

Saudi Arabia has been working to fine-tune its strategy for the so-called Vision 2030 agenda to diversify the economy away from oil as it seeks to shrink its budget deficit.

Saudis to unveil updated strategy for US$2 trillion economic plan

The kingdom has been running budget deficits since 2022