economy
April 6, 2026
THROUGH THE DETOUR, CLOSER AROUND: Taiwan will procure oil from Saudi ports on the Red Sea
Taiwan will redirect its crude oil transport ships to Saudi ports on the Red Sea, the Taiwanese government announced, seeking to avoid transport through the Strait of Hormuz due to the war in the Middle East.
TL;DR
- Taiwan is rerouting oil tankers to Saudi ports on the Red Sea to avoid the Strait of Hormuz.
- This adjustment is a response to the war in the Middle East.
- 46% of adjusted transport will use the Red Sea route.
- 54% will be managed through cash purchases to cover supply disruptions.
- Taiwan has strategic reserves of crude oil for over 140 days.
- Liquefied natural gas supplies are secured until the end of June.