Saudi Arabia launches Red Sea Express lane to bypass Hormuz
The new service to transport containers links Yanbu’s King Fahd Industrial Port with the Ain Sokhna Port in Egypt and Jordan's Aqaba port
Ahmed Gomaa/Xinhua via Getty Images
Egypt's Ain Sokhna Port
Saudi Arabia is accelerating efforts to reroute Gulf trade around Iran’s blockade of the Strait of Hormuz, launching a new Red Sea Express shipping service that connects its western port of Yanbu with Egypt and Jordan.
The alternative...