The Yemeni blockade deprives Aramco of historic profits and losses multiply daily

Exclusive Follow-ups – Al-Khabar Al-Yemeni:
Saudi Arabia was planning to exploit the repercussions of the closure of the Strait of Hormuz to achieve unprecedented profits by raising its oil production to more than 9 million barrels per day. However, Sana’a’s imposition of the “siege-for-siege” equation turned the tables, thwarting those ambitions and inflicting heavy losses on the Saudi regime in one of the fiercest blows the Saudi energy sector has received in decades.
According to last year’s statistics, the total daily production of Saudi crude oil was 6.9 million barrels, of which 6.5 million barrels were exported to international markets, while local refineries were supplied with 2.7 million barrels per day, with 1.5 million barrels of petroleum products exported, including 300,000 barrels of gasoline, 686,000 barrels of diesel, and 250,000 barrels of fuel oil.
With the continued geopolitical disruptions in the Strait of Hormuz, oil exports declined and production was cut. Aramco saw the continued closure of the strait as a historic opportunity to compensate for the sharp decline in Gulf countries’ exports and planned to raise production to more than 9 million barrels per day, a step that would have generated fantastic profits, especially with oil prices rising due to supply shortages.
Sana’a’s announcement of imposing a naval blockade on Saudi navigation on July 20 turned the tables on Aramco’s calculations, shifting the battlefront from the Strait of Hormuz to the Red Sea and Bab Al-Mandeb, a step that revealed the fragility of Saudi oil infrastructure and thwarted a plan Riyadh was betting on to compensate for its losses, after its oil exports through Bab Al-Mandeb had jumped eightfold between March and mid-July 2026 compared to the same period the previous year.
Data from the maritime intelligence company “Windward” revealed a 40% decline in oil loading operations at the